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File - A tank farm is pictured at the Klesch oil refinery (formerly BP) where diesel, gasoline and heating oil are produced in Gelsenkirchen, Germany, Friday, 2 Oct. 2026.

Economy

Video. European diesel costs stay high as oil supply tops demand, IEA says

Updated: 13 November 2026 - 12:17 GMT+1

European diesel prices are still 77% above pre-war levels, the IEA said on Friday. Global oil supplies are expected to exceed demand in the fourth quarter as Gulf exports recover.

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