Diesel Fuel Shortage 2024. Diesel supplies are becoming critically low with shortages and price spikes likely to occur in the next six months unless and until the economy and fuel consumption slow. Diesel appears scarce heading into the northern hemisphere’s winter and will push fuel prices higher, bedeviling policymakers who are focusing on crude to tame.
We expect global inventory withdrawals in the second quarter of 2024, followed by mostly balanced markets in the second half of 2024 through 2025. See all faqs on diesel fuel;