07 Apr 2022 | 16:00 UTC
Infographic: Who is paying the price of the shortage of diesel fuel from Russia?
By Jeff Mower and Robert Perkins
Highlights
Global diesel stocks have fallen to their lowest, as demand has recovered to pre-pandemic levels
50% of the Europe's total diesel imports come from Russia
France, UK and Germany are biggest buyers of Russian seaborne diesel
Sanctions and boycotts on Russian oil over its war in Ukraine are heaping more pressure on global diesel markets which were already running low on stocks as demand rebounds from the COVID-19 pandemic. As traders scramble to source alternative supplies, diesel cracks have soared to record highs, far outpacing price rises for gasoline and other fuels. Europe is by far the biggest casualty of lower Russian diesel exports, which account for about half the region's total diesel imports or some 700,000 b/d.
Click to see the full-size infographic
