# Product tanker market 'evolving' after start of price cap for Russian diesel: Ardmore | S&P Global

> Ardmore Shipping said the refined product tanker market is evolving after G7 and EU price caps on Russian diesel started February 5, with Russian diesel still moving on various routes. Russian diesel loadings fell to 73 million barrels in January from 88 million in December.

- Date: 2023-02-14 · published 2023-02-14T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/37503-product-tanker-market-evolving-after-start-of-price-cap-for-russian-diesel
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Re-routed Russian diesel trade and longer ton-miles raise product tanker demand and freight costs, a modest upward pressure on energy transport costs.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2025-07-28 | [EU Russia sanctions add fuel to red-hot global diesel market](https://feedsoft.ai/events/23943-eu-russia-sanctions-add-fuel-to-red-hot-global-diesel-market.md) | -4.4% | -3.8% |
| DIESEL | 2025-11-20 | [Refining Margins Soar as Global Oil Product Markets Tighten \| OilPrice.com](https://feedsoft.ai/events/11480-refining-margins-soar-as-global-oil-product-markets-tighten-oilprice-com.md) | -11.9% | -19.2% |
| DIESEL | 2022-03-08 | [Global diesel prices soar as bans on Russian supplies add to tightness](https://feedsoft.ai/events/4724-global-diesel-prices-soar-as-bans-on-russian-supplies-add-to-tightness.md) | -17.0% | -7.9% |
| DIESEL | 2025-01-17 | [International Diesel Prices Surge After U.S. Sanctions on Russia \| OilPrice.com](https://feedsoft.ai/events/11455-international-diesel-prices-surge-after-u-s-sanctions-on-russia-oilprice-com.md) | -3.6% | -5.3% |
| DIESEL | 2019-01-31 | [Futures Movers: Oil Gains, With U.S. Prices Up More Than 20% For The Month - Global Financial Market Review](https://feedsoft.ai/events/61009-futures-movers-oil-gains-with-u-s-prices-up-more-than-20-for-the-month-global.md) | +0.8% | +6.9% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/shipping/021423-product-tanker-market-evolving-after-start-of-price-cap-for-russian-diesel-ardmore

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