Back to today’s briefing

Story perspectives

Vitol Warns Diesel Supply Tightness Without 2 Million Bpd

9/8/2026

1 1 Full Breakdown

Summary

Story summary

Vitol CEO Russell Hardy warned in Singapore that global diesel supply will remain tight.
He said the market lacks about 2 million barrels per day from Russia and the Middle East.
He said prices and limited fuel could cut oil demand by 1.5 million barrels per day in 2026 versus 2025.
He added China’s import gap of 5-6 million barrels per day between 2025-2026 should narrow by year-end.

1 of 1

Story summary

Vitol CEO Russell Hardy warned in Singapore that global diesel supply will remain tight.
He said the market lacks about 2 million barrels per day from Russia and the Middle East.
He said prices and limited fuel could cut oil demand by 1.5 million barrels per day in 2026 versus 2025.
He added China’s import gap of 5-6 million barrels per day between 2025-2026 should narrow by year-end.