Goldman Sachs: Diesel and Jet Fuel Prices Surge Over 40%, Double in Asia
Goldman Sachs analysts report diesel and jet fuel prices have risen over 40% and doubled in Asian markets as Brent crude surpassed $100 per barrel. They link the surge to Persian Gulf supply disruptions through the Strait of Hormuz, curtailing medium and heavy crude exports and tightening refined product availability.
1. Fuel Price Surge Outpaces Crude
Goldman Sachs analysts report that diesel and jet fuel prices have climbed over 40% and doubled in parts of Asia as Brent crude surpassed $100 per barrel, signaling refined products are under greater pressure than crude oil itself.
2. Persian Gulf Supply Disruptions
The near halt of exports through the Strait of Hormuz and attacks on regional energy infrastructure have forced producers to cut medium and heavy crude output, reducing feedstock availability for refiners.
3. Refined Product Constraints and Downstream Effects
Tightened supply of medium and heavy crude reduces refined fuel and petrochemical feedstock output; Asia and Europe face import dependencies while some countries cap exports, which may sustain price imbalances and reshape global energy markets.