Driving Discussions: Will Russian diesel be phased out of the market?

The European diesel market continues to struggle as we see steep backwardation, lack of liquidity and more companies adding self-sanctions against the use of Russian barrels. With no clear path in sight and major oil companies and trading firms no longer buying Russian diesel cargoes, what does a potential total phase out, if any, look like? 

Continuing the discussion that began back in February, Alfonso Berrocal, Benedict George, and Alina Rapoport provide an update to the current diesel market looking at imports, refinery runs, cargo liquidity, spot markets and more.  

Listen to our previous episodes on European diesel market volatility: 

04 April 2022 – Driving Discussions: Market volatility continues for European diesel 

22 February 2022 – Driving Discussions: The bumpy road ahead for European diesel prices 

Link to non-Russian diesel video - https://argusmedia.hubs.vidyard.com/watch/MAfJbR4D3tZmP6vPgb8zBh 

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Learn more about Argus’ origin restricted (non-Russian) diesel cif ARA price assessment