Global diesel prices and refining margins spiked following the latest round of US sanctions on Russia’s oil trade on expectations the measures would tighten supplies, according to analysts and LSEG data.
The United States imposed its toughest sanctions on Russian producers and tankers yet on Jan. 10 to curb the world’s No. 2 oil exporter’s revenue for its war in Ukraine.
Many of the newly-targeted vessels, part of what is
