The world was predicted to experience a protracted period of high prices for key fuels

Global diesel prices may remain high through 2027 due to high demand and limited supply. This was reported by CNBC with reference to the forecast of analysts from the American investment bank Goldman Sachs (GS).

Experts note that the shortage of key fuel will be facilitated by large-scale disruptions in the supply of petroleum products from the Middle East due to the blockage of the Strait of Hormuz. The situation will also be affected by growing demand from governments and companies trying to restore depleted fuel supplies.

Against this background, analysts predict that the difference between the cost of diesel fuel and crude oil next year could be $40. This is double the spread recorded in the last few years. To stabilize the situation, investment bank employee Nikhil Bandari believes, the global oil refining industry will have to reach the highest level of capacity utilization in the last two decades.