Oil and prices
Global market
IEA: physical crude averaged US$116.89 in September as diesel supply remained tight
Master Services Technical TeamSelection and context
Published by Master Services
Automated curation
Image details
Editorial illustration generated with AI for Master Services.
Summary
The October 14 report puts September’s North Sea Dated average at US$116.89 per barrel, up US$26.17 from August. Global diesel exports were 700,000 barrels per day below a year earlier. The IEA forecasts a 2.6-million-barrel-per-day decline in global oil demand in 2026.
Why it may matter to operators
Fleet price comparisons should identify product, market, period and unit. This observed international average and the consumption forecast serve different purposes; neither alone determines pump prices in Panama.
Editorial note
Summary and context by Master Services. Consult the original source and confirm local applicability for each project.