Ban on Russian diesel increases EU fuel market vulnerability, expert says
Nikolay Novik says European refineries' historic focus on gasoline over diesel left the bloc reliant on imports now under restriction.
A ban on Russian diesel imports has increased vulnerability in the European Union's fuel market, according to expert Nikolay Novik, cited by TASS.
Novik explained that European refineries had historically focused on gasoline production, relying on imports to cover shortfalls in diesel supply, a structural feature of the region's refining capacity.
Structural refining gap
The reliance on imported diesel to fill the gap left by domestic refining priorities means restrictions on a major supplier such as Russia can have an outsized effect on the availability and pricing of diesel across the bloc.
The report does not specify current diesel prices, the volume of imports previously sourced from Russia, or alternative suppliers the EU may be turning to as a replacement.
Diesel fuel plays a central role in European transport and industrial activity, making disruptions to its supply chain a closely watched economic issue.
Further details on the EU's response to the supply gap were not included in the material available.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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