According to ship tracking data and data provided by trade sources, Asian diesel exports to Africa are expected to hit a new high of at least four and a half years in August. Previously, due to the decline in Middle East diesel shipments, African buyers began to look for alternative sources of supply. According to data provided by Kpler, Vortexa, and a trade source, the Asian region, including India, will export 1.8 million to 2 million tons of diesel to Africa this month, equivalent to 13.4 million to 14.9 million barrels. Meanwhile, according to data from LSEG, Kpler, and the trade sources mentioned above, the Middle East's diesel exports to Africa fell to 600,000 to 800,000 tons in August, the lowest level in nearly nine years due to ongoing shipping risks in the Strait of Mander and the Strait of Hormuz. About 50% of Africa's diesel imports last year came from the Middle East, 40% of which came from Saudi Arabia, according to Kpler. A number of trade sources said that the operating rate of some Saudi Aramco production facilities, including Jizan, has declined, further limiting Saudi diesel exports. According to Kpler data, diesel shipments from the Jizan refinery to Africa fell to zero in August, compared to 163,000 tons in July.

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