Rising global diesel shortages and Middle East energy disruptions drive US export levels to an all-time high last week.
US diesel exports reached a record 1.9 million barrels per day last week, the Energy Information Administration reported. The surge reflects heightened global demand amid fuel shortages tied to the Middle East energy crisis.
Domestic diesel production declined during the same period, while inventories fell 12% below the five-year average. The previous export record was set earlier this year in spring.
The data underscores tightening global diesel supplies, though market reactions to the report remain muted so far.