# Diesel release valve: China poised to save West from shortages again | Reuters

> 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.

- Date: 2023-10-13 · published 2023-10-13T12:00:00.000Z
- Category: policy · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/33824-diesel-release-valve-china-poised-to-save-west-from-shortages-again-reuters
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

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.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-07-08 | [US diesel futures post biggest daily gains in four years after Russia bans exports \| Reuters](https://feedsoft.ai/events/12178-us-diesel-futures-post-biggest-daily-gains-in-four-years-after-russia-bans.md) | +20.8% | +12.8% |
| DIESEL | 2021-03-05 | [OPEC stuns by opting not to raise output; was diesel a reason? - FreightWaves](https://feedsoft.ai/events/48282-opec-stuns-by-opting-not-to-raise-output-was-diesel-a-reason-freightwaves.md) | +3.2% | -3.7% |
| DIESEL | 2026-02-13 | [EXCLUSIVE: OPEC+ leans towards resumption in oil output increases from April, sources say \| Reuters](https://feedsoft.ai/events/20513-exclusive-opec-leans-towards-resumption-in-oil-output-increases-from-april.md) | +10.6% | +70.9% |
| DIESEL | 2018-09-02 | [Why Diesel Prices Are Set To Soar \| OilPrice.com](https://feedsoft.ai/events/63225-why-diesel-prices-are-set-to-soar-oilprice-com.md) | -0.9% | +7.6% |
| DIESEL | 2022-10-05 | [Oil rises to 3-week highs as OPEC+ agrees to deep cuts, U.S. stockpiles fall \| Reuters](https://feedsoft.ai/events/39283-oil-rises-to-3-week-highs-as-opec-agrees-to-deep-cuts-u-s-stockpiles-fall.md) | +14.2% | +10.1% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/diesel-release-valve-china-poised-save-west-shortages-again-2023-10-13/

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