IEA warns diesel market constraints to persist through next year
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- 1The International Energy Agency warned that diesel market constraints will continue through next year.
- 2Last month, global diesel exports recorded a year-on-year decrease of 700,000 barrels per day.
- 3Diesel prices in Europe and the US peaked at approximately $220 per barrel.
So what's the key point?
Global diesel exports decreased by 700,000 barrels per day. This means diesel prices could rise significantly as supply becomes difficult to maintain.
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