Financial Ports

Diesel Shortage Hits 8%: How Freight Costs Will Surge This Winter

CLAVE 1 / 4Global diesel supply has fallen by 8%, equating to 2 million barrels per day lost due to conflicts in Russia and the Middle East.

CLAVE 2 / 4Ukrainian drone strikes have knocked 30-50% of Russia’s 6.5 million barrels per day refining capacity offline.

CLAVE 3 / 4California diesel prices are nearing $8.50 per gallon, impacting trucking and rail operations at key U.S. ports.

CLAVE 4 / 4U.S. East Coast diesel stocks are at their lowest seasonal level since 1982, with refineries running near full capacity.

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