IEA Reports Potential Disruptions in Diesel Market Due to Ukrainian Attacks on Russian Refineries

Despite recent attacks, diesel prices have remained relatively stable, but future supply concerns persist.

Ukrainian drone attacks have targeted Russian oil refineries, risking significant disruptions in global diesel, naphtha, and jet fuel markets.
The International Energy Agency (IEA) reports that up to 600,000 barrels per day of Russian refining capacity could be offline, affecting global petroleum product supplies.
Despite the potential for supply disruptions, actual declines in Russian diesel exports have been less than anticipated, with some markets showing signs of ample supply.
Russian refineries have managed to maintain some production levels by deploying spare capacity and deferring maintenance.
The IEA warns of the ongoing risk to diesel supplies, especially given Russia's role as a major global supplier.