Global diesel deficit remains around 1 million bpd: Kpler

• Saudi Arabia's Minister of Energy emphasized the kingdom's 'super resilience' and commitment to uninterrupted energy supplies under all circumstances.
• Saudi Aramco's production reached 8.5 million barrels a day last month, the highest since the war broke out, demonstrating quick repair capabilities.
• Oil markets (WTI and Brent) saw declines, with WTI falling below $90, suggesting that news of a potential US-Russia diesel deal might be overshadowing regional geopolitical risks.
• The proposed US-Russia diesel deal aims to supply over 4 million tons of diesel to the global market, though its immediate impact and Russia's actual delivery capability are questioned.
• A global diesel deficit of approximately 1 million barrels per day persists, with Russian additions and EU stock releases potentially covering only half of this shortfall.

The discussion focuses on recent attacks on Saudi Arabia's King Khalid Airport and the kingdom's resilience in maintaining energy supplies. Despite geopolitical risks, Saudi Arabia's energy minister assured uninterrupted supplies. The market reaction to these events, alongside a proposed US-Russia diesel deal, suggests a complex interplay of factors influencing oil prices, with a persistent global diesel deficit remaining a concern.