Asia Steps In to Fill Diesel Supply Gap in Africa as Middle East Exports Crash
Asia’s diesel exports to Africa are surging to nearly five-year highs, as Middle East’s sales to Africa crashed to nine-year lows amid threats to shipping and refinery outages, a Reuters analysis of ship-tracking data and volumes showed on Monday. The Middle East conflict has made shipping of fuels, including diesel, to east Africa challenging, with ongoing security threats to tankers in both the Strait of Hormuz and the Bab el-Mandeb Strait.
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Key Facts
- Fact 1: In addition, attacks by the Iran-aligned Houthis in Yemen on Saudi energy infrastructure have also crippled supply from Saudi Arabia, which accounted for as much as 40% of Africa’s diesel imports last year.
- Fact 2: So refiners in Asia are expected to have sent up to 15 million barrels of diesel to Africa in August, the highest volume in at least four and a half years, according to the data Reuters has reviewed.
- Fact 3: The Jazan refinery, for example, did not send any diesel to Africa in August, compared to 163,000 tons shipped in July, per data from Kpler cited by Reuters.
- Fact 4: By Tsvetana Paraskova for Oilprice.com More Top Reads From Oilprice.com MIT Uses AI to Challenge a Century-Old Process for Mass Ammonia Production Iran Says Supertanker Hit by Mines in Strait of Hormuz China's LNG Imports Set to Drop 18% in August as Prices Soar
Asia’s diesel exports to Africa are surging to nearly five-year highs, as Middle East’s sales to Africa crashed to nine-year lows amid threats to shipping and refinery outages, a Reuters analysis of ship-tracking data and volumes showed on Monday. The Middle East conflict has made shipping of fuels, including diesel, to east Africa challenging, with ongoing security threats to tankers in both the Strait of Hormuz and the Bab el-Mandeb Strait.
In addition, attacks by the Iran-aligned Houthis in Yemen on Saudi energy infrastructure have also crippled supply from Saudi Arabia, which accounted for as much as 40% of Africa’s diesel imports last year. So refiners in Asia are expected to have sent up to 15 million barrels of diesel to Africa in August, the highest volume in at least four and a half years, according to the data Reuters has reviewed. Asian supplies are set to partially offset the diesel exports from the Middle East to Africa, which are tracked to have crumbled to the lowest level in nearly nine years.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
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