# Europe Diesel Crack Hits Two-Year High on Supply Fears - OPIS, A Dow Jones Company

> Northwest Europe gross diesel margins hit their highest since September 2023, with the diesel crack versus Brent near $46/bbl. Supply from Russia is under pressure from US sanctions on Lukoil and Rosneft, Ukrainian refinery attacks, and an EU import ban on fuel made from Russian crude starting January 21.

- Date: 2025-11-19 · published 2025-11-19T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/11479-europe-diesel-crack-hits-two-year-high-on-supply-fears-opis-a-dow-jones-company
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Tightening diesel supply raises fuel costs for trucking and farm logistics and signals stronger refinery run incentives, with upward pressure on diesel prices.

## Read by commodity

- BRENT: neutral
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2025-11-12 | [Diesel Margins Rally as Russian Exports Plunge - OPIS, A Dow Jones Company](https://feedsoft.ai/events/22121-diesel-margins-rally-as-russian-exports-plunge-opis-a-dow-jones-company.md) | +6.2% | -10.1% |
| DIESEL | 2026-08-19 | [Diesel in California hits $7 as wars in Europe, Middle East strain supply](https://feedsoft.ai/events/18076-diesel-in-california-hits-7-as-wars-in-europe-middle-east-strain-supply.md) | -6.3% | +17.9% |
| DIESEL | 2018-09-29 | [Brent hits 4-year high as U.S. sanctions on Iran tighten supply](https://feedsoft.ai/events/63234-brent-hits-4-year-high-as-u-s-sanctions-on-iran-tighten-supply.md) | +1.6% | -2.1% |
| DIESEL | 2025-01-13 | [Diesel market jumps on fear new sanctions may hit Russian supply \| Sparta](https://feedsoft.ai/events/11454-diesel-market-jumps-on-fear-new-sanctions-may-hit-russian-supply-sparta.md) | +4.9% | -0.9% |
| DIESEL | 2024-02-12 | [Diesel: Fuel That Powers the Economy Flashes Supply Tightness in Europe - Bloomberg](https://feedsoft.ai/events/31855-diesel-fuel-that-powers-the-economy-flashes-supply-tightness-in-europe-bloomberg.md) | -4.9% | -10.0% |
| BRENT | 2025-11-12 | [Diesel Margins Rally as Russian Exports Plunge - OPIS, A Dow Jones Company](https://feedsoft.ai/events/22121-diesel-margins-rally-as-russian-exports-plunge-opis-a-dow-jones-company.md) | +0.6% | -3.5% |
| BRENT | 2018-07-13 | [Oil rises but declines for the week as supply concerns ease](https://feedsoft.ai/events/10095-oil-rises-but-declines-for-the-week-as-supply-concerns-ease.md) | -1.4% | -2.7% |
| BRENT | 2022-08-24 | [Oil ends higher on U.S. response to Iran nuclear deal comments](https://feedsoft.ai/events/40194-oil-ends-higher-on-u-s-response-to-iran-nuclear-deal-comments.md) | -0.5% | -9.7% |

## Sources

- opis.com: https://www.opis.com/resources/energy-market-news-from-opis/europe-diesel-crack-hits-two-year-high-on-supply-fears/

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