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Russia's ban on diesel exports ahead of winter has raised concerns of another supply shock. Diesel prices in Europe and the Americas are already elevated from seasonal refinery shutdowns and strong demand.
If the Russian export ban is extended, importers such as Brazil and Turkey would turn to other suppliers, which could tighten global diesel markets and raise freight and farm fuel costs.
reuters.comLaura SanicolaOct 13, 2023After 90 past bullish policy events, ULSD / Diesel moved a median +1.4% over 5 sessions (66% higher; middle half -1.9% to +4.1%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
