Hormuz chokepoint: Global scramble for diesel supply

About this episode

The episode discusses the global scramble for diesel supply amid constrained oil flows through the Strait of Hormuz.

As traffic inches back through the Strait of Hormuz, oil and product flows remain constrained, sending buyers scrambling to replace Middle East barrels and lock in reliable diesel supply. With nearly 6 million b/d of Middle East refining capacity at stake, and roughly 4 million b/d of refined products flows, diesel prices have soared, opening export opportunities. Where are buyers turning for diesel, and what policy tools are governments using to soften price shocks? Jeff Mower , Americas Oil News Director, unpacks these issues with Brazil Refined Products Manager Renato Rostas , Americas Middle Distillates Managing Editor Aaron Tucker , and Mexico Energy Editor Sheky Espejo .

People in this episode

Host: Jeff Mower

Guests: Renato Rostas, Aaron Tucker, Sheky Espejo

Topics covered

• diesel supply
• oil markets
• Middle East
• price shocks
• refined products
• government policy

Keywords

• diesel
• oil supply
• Middle East
• refining capacity
• price increase
• export opportunities

Mentioned in this episode

Places: Strait of Hormuz, Brazil, Mexico

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