The international diesel market faces a prolonged crunch that is expected to keep supplies tight through the upcoming winter heating and logistics season, major energy executives warned.

The wars in Ukraine and Iran have impacted refineries in Russia and the Middle East, pushing diesel margins to record levels in Europe and the U.S., while reducing crude ​supplies to Asia.

Senior industry ‌executive, Vitol CEO Russell Hardy told the APPEC conference on Tuesday,"There's really a shortage of products because we're missing 2 million barrels a day from Russia, and we're missing nearly 2 million ⁠barrels a day from the........

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