Geopolitical Developments Contribute to Elevated Diesel Prices - CleanTechnica

The article from CleanTechnica highlights that geopolitical developments, particularly sanctions on Russia and refinery outages, have significantly tightened the global diesel supply, leading to elevated diesel prices worldwide. Since late October, global refinery margins for diesel have reached their highest levels of the year due to reduced refinery production in Russia and the Middle East. New EU sanctions targeting major Russian oil companies and their refined product exports, combined with Ukraine’s attacks on Russian refinery infrastructure, have further constrained diesel availability. This supply tightening has been most evident in the Atlantic Basin, pushing up prices at key hubs such as Amsterdam-Rotterdam-Antwerp (ARA), New York Harbor, and the U.S. Gulf Coast. Additional factors exacerbating the supply crunch include an outage at Kuwait’s Al Zour refinery and maintenance delays at Nigeria’s Dangote refinery, both of which have reduced refined product output in critical regions. Meanwhile, sustained international demand has increased pressure on operational refiners, particularly those on the U.S. Gulf Coast, which have boosted