Galp Curbs Diesel Exports to Shore Up Portugal Fuel Supply

Galp Energia SGPS SA is limiting diesel exports to build up domestic fuel inventories, as global market volatility drives higher prices and tightens supplies across key trading regions.

The Portuguese oil company said the move is part of a broader effort to safeguard reserves, adding in an emailed statement that it’s “limiting diesel cargo exports to reinforce stocks” while adopting more cautious sourcing and trading strategies.