Shell CEO Warns of Diesel and Gasoline Shortages Amid Jet Fuel Surge
Shell CEO Wael Sawan explained on CNBC that refineries are shifting production toward jet fuel due to its high prices, which have tripled following disruptions in Middle Eastern exports. This shift has led to a reduction in diesel and gasoline output as refiners prioritize the most profitable product streams. The resulting shortage of road fuels is now evident through rising price signals for these products. Shell reported strong Q2 2026 results with record revenue, increased refining margins, and high utilization rates across its global operations. Sawan emphasized that while jet fuel demand has stabilized somewhat, the diesel and gasoline deficit remains a concern as it could lead to further cost pressures at gas stations for consumers and businesses. The company's performance highlights broader market dynamics in energy production and pricing, with implications for both investors and end users.
Tickers: $SHEL
Topics: fuel shortage gasoline supply jet fuel demand refinery strategy