Global diesel shortage: why Gulf refined fuel exports lag crude oil shipments
From shipping bottlenecks to strikes on refineries, analysts warn the market faces a prolonged recovery
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.
One obstacle to recovery is that Persian Gulf infrastructure is geared towards crude oil, making it harder to ship diesel and other refined fuels, analysts said.
