Global diesel market faces severe supply squeeze

Geopolitical conflicts and refinery reductions are tightening global diesel supplies, driving up prices across economies.

• Global diesel supply is constrained by geopolitical conflicts and lower refinery runs.
• US average diesel price reached $5.32 per gallon, up 44 cents over the past month.
• Refineries worldwide processed 7.5 million barrels per day less crude last month.