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Feed/Economy · Finance/Increased vessel attacks drive Hormuz oil exports 'sharply lower', report says

Economy · FinanceOngoing · 12

Global diesel shortage: why Gulf refined fuel exports lag crude oil shipments

Emma Ma · South China Morning Post

Published 12 Oct 2026, 10:00 pm·1 h ago·1 min read

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Global diesel prices remain near record highs as Gulf producers struggle to restore refined-fuel exports, despite a recovery in crude shipments and pledges by more countries to release reserves. Net diesel exports from Gulf countries averaged 390,000 barrels per day in August, just over a quarter of their levels before the US-Israel war on Iran, according to the latest available data by the International Energy Agency (IEA) published in September. One obstacle to recovery is that Persian Gulf...

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Increased vessel attacks drive Hormuz oil exports 'sharply lower', report says

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