The International Energy Agency (IEA) cut its forecasts for crude oil supply this year, anticipating a 6% decrease compared to the previous year. This adjustment reflects the difficulties faced in the global energy sector.
Oil demand is also expected to decline during this period. This decline in demand is attributed to the rising cost of refined products, which makes oil less accessible for consumers.
The refinery sector is facing a significant crisis, which further worsens the market situation. This refinery crisis has a direct impact on the prices and availability of petroleum-derived products.
Diesel is presented as particularly concerning in this scenario. The IEA anticipates further price increases for this fuel, which could significantly affect consumers and businesses that depend on this resource.
