# International Diesel Prices Surge After U.S. Sanctions on Russia | OilPrice.com

> Diesel prices in Asia, Europe and the US rose after the U.S. sanctioned Gazprom Neft, Surgutneftegas, 183 vessels and other entities on January 10. European diesel backwardation reached a 10-month high and refining margins hit a five-month high of $20 a barrel. At least 150,000 bpd of Russian diesel exports were expected to be disrupted.

- Date: 2025-01-17 · published 2025-01-17T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/11455-international-diesel-prices-surge-after-u-s-sanctions-on-russia-oilprice-com
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Sanctions removing a large volume of Russian diesel exports, with margins and backwardation at multi-month highs, point to firmer global diesel prices. Higher fuel and freight costs add to the operating cost of feed production and delivery.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2025-01-15 | 5 | +11.3% | 3.2 | Sanctions on Gazprom Neft, Surgutneftegas and 183 vessels threatened 150k bpd of Russian diesel exports, tightening supply and lifting margins and backwardation. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2025-01-17 | [Global diesel prices spike as US hits Russia with new sanctions](https://feedsoft.ai/events/11452-global-diesel-prices-spike-as-us-hits-russia-with-new-sanctions.md) | -3.6% | -5.3% |
| DIESEL | 2025-10-28 | [Diesel Prices Jump on Russia Sanctions and Refinery Outages - Bloomberg](https://feedsoft.ai/events/22594-diesel-prices-jump-on-russia-sanctions-and-refinery-outages-bloomberg.md) | -1.4% | -1.1% |
| DIESEL | 2025-10-22 | [Oil surges 5% after US sanctions Russian firms Rosneft, Lukoil \| Reuters](https://feedsoft.ai/events/8126-oil-surges-5-after-us-sanctions-russian-firms-rosneft-lukoil-reuters.md) | +7.6% | +21.9% |
| DIESEL | 2022-02-26 | [Will diesel fuel prices go up with Russia's invasion of Ukraine? \| Commercial Carrier Journal](https://feedsoft.ai/events/42899-will-diesel-fuel-prices-go-up-with-russia-s-invasion-of-ukraine-commercial.md) | +34.3% | +46.0% |
| DIESEL | 2023-12-27 | [Diesel Prices Rebound After 8-Week Decline on Supply Concerns](https://feedsoft.ai/events/32880-diesel-prices-rebound-after-8-week-decline-on-supply-concerns.md) | -1.8% | +5.5% |
| BRENT | 2025-01-17 | [Global diesel prices spike as US hits Russia with new sanctions](https://feedsoft.ai/events/11452-global-diesel-prices-spike-as-us-hits-russia-with-new-sanctions.md) | -4.1% | -8.0% |
| BRENT | 2025-10-23 | [Oil Prices Surge 5% as Russia Sanctions Meet A Tight Futures Market](https://feedsoft.ai/events/8130-oil-prices-surge-5-as-russia-sanctions-meet-a-tight-futures-market.md) | +4.1% | +1.9% |
| BRENT | 2025-06-13 | [Risk of regional conflict drives oil price surge after Israel's strike on Iran](https://feedsoft.ai/events/11000-risk-of-regional-conflict-drives-oil-price-surge-after-israel-s-strike-on-iran.md) | +12.0% | -0.8% |

## Sources

- oilprice.com: https://oilprice.com/Latest-Energy-News/World-News/International-Diesel-Prices-Surge-After-US-Sanctions-on-Russia.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.