Global refineries have increased production of diesel and kerosene due to rising global fuel shortages, driven by ongoing conflicts in Ukraine and the Middle East. China has reduced refining to conserve its large oil reserves. The disruption has led to higher costs for shipping companies and energy producers, particularly impacting Asia which relies heavily on supplies through the Persian Gulf, now affected by the U.S.-Iran war. Singapore, the world’s largest bunkering hub, covers over half of the daily demand for maritime fuel, according to data from Kpler. Analysts predict a supply shortage in the third quarter, marking the first such deficit in over a year, with projections of a shortfall of 218,000 barrels per day. Refineries are prioritizing diesel and kerosene production, pushing back on fuel processing, while some, like Nigeria’s Dangote refinery, are using crude oil as feedstock for secondary units to produce other fuels. This shift could further reduce availability of distillates, including diesel. Fuel stocks in key regions like the Netherlands and eastern U.S. have hit multi-year lows.
Bias read (Center): The article presents a balanced overview of global fuel market dynamics, citing multiple sources such as Reuters, Kpler, and Energy Aspects. It reports on geopolitical factors affecting supply chains but does not take a clear ideological stance. The framing remains objective, focusing on economic,供应
