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Why Russia's Diesel Exports Are Suddenly Soaring
Market Intelligence Analysis
AI-Powered
Why This Matters
Russia's diesel exports have seen a sudden surge, reversing a year-long increase in refining margins due to a shortage, and are now contributing to bearish market sentiment in global middle-distillate markets.
Market Impact
Market impact analysis based on bearish sentiment with 85% confidence.
Sentiment
Bearish
AI Confidence
85%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Russian diesel has moved from being the main bullish factor in global middle-distillate markets in 2025 to an overwhelmingly bearish force by early 2026, reversing a year-long surge in refining margins. The European diesel crack spread rose from $16.7/bbl in early January 2025 to $34.17/bbl in November as Russian supply – already structurally weakened since the start of the war – slid into acute shortage. That squeeze has now eased with the diesel crack spread averaging $21.7/bbl in January 2026. Refinery repairs, recovering runs and…
Original article published by
OilPrice.com
on January 23, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.