1. RUSSIA - Global Diesel Shortage Threatens Markets - MICHAEL BERNSTAM 092326
Published: September 23, 2026
Duration: 8:59
1900 BAKU PRODUCTION FIRE
Global Diesel Shortage Threatens Markets
Michael Bernstam explains that proposed US diesel export bans are economically counterproductive. The US produces 5 million barrels per day and exports 1.6 million, but regional bottlenecks mean an export ban would back up Gulf Coaststorage, force refineries to reduce overall production, and raise domestic gasoline prices. Meanwhile, Europe suffers severe diesel shortages due to heavy reliance on transportation and agriculture. Globally, a fifty-year gap in building new refineries leaves supply vulnerable to Middle Eastern disruptions and Ukrainian strikes on Russian facilities. (1)