Summer diesel margins tighten with European supply shift

Published: 17 September 2025
Categories: US Energy Information Administration

RSS feed source: USGS Earthquake Hazards Program

In-brief analysis

September 17, 2025

Data source: Vortexa Analytics
Note: Europe includes countries in the European Union, Norway, Switzerland, and the United Kingdom.

In early 2023, the European Union implemented a ban on seaborne imports of diesel fuel, commonly called gasoil, from Russia following Russia’s full-scale invasion of Ukraine the previous year. The ban reoriented trade flows as Europe imported more diesel from the Middle East and the United States rather than Russia. This summer, Europe’s increased reliance on imports from the Middle East, coupled with conflict-related disruptions to refineries and escalating geopolitical tensions, contributed to a tightened global diesel market.

Before the ban, Russia supplied a significant portion of Europe’s diesel imports, accounting for 50% in 2022, according to data from Vortexa. The 2023 ban on diesel imports from Russia led to a rerouting of

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