Energy agency to tap diesel stocks after record US prices
Following pressure from the Trump administration, the agency will make over twenty million barrels of diesel available quickly, while supply may stay strained into 2027.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
U.S. diesel prices hit record highs in September, and the Trump administration urged Europe to release its diesel stocks. The International Energy Agency (IEA) plans to release more than 20 million barrels of diesel, to be made available as quickly as possible. The IEA also cautioned that low stock levels and refinery constraints may delay recovery until mid-2027.
Why it matters
Diesel markets could stay tight until mid-2027, with recovery slowed by low inventories and refinery constraints.
Timeline
- Oct 15, 12:37 PM ET: The IEA announces plans to release more than 20 million barrels of diesel as soon as possible.
- Oct 15, 7:00 PM ET: The IEA warns that diesel markets could remain tight until mid-2027 as inventories stay depleted.
Coverage
- The Diesel Crunch Will Persist Well into 2027 (oilprice.com)
- International Energy Agency to release more than 20 million barrels of diesel as soon as possible (CNBC)
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