Despite record U.S. refinery output, the global demand for fuel remains unmet:
Fuel markets are under pressure due to disruptions in the Middle East, refinery closures in the West, China's fuel export restrictions, and Russia's diesel export ban:
The fuel shortage could worsen ahead of winter as countries begin to stockpile heating fuel:
U.S. refineries are producing the most fuel since 2019, but it is still not enough to meet demand:
