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RADAR BRIEF · 0/100

Diesel shifts from low-cost fuel to a geopolitical factor

The source reports that Donald Trump asked Kyiv not to attack Russian facilities in order to help increase global supply. At the same time, high refining costs are offsetting declines in crude oil prices, with spending in Europe now exceeding $100 per barrel.

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What is happening

According to la Repubblica, the diesel market has become linked to geopolitical decisions and refining costs. The source reports Trump's request to Kyiv and says that elevated refining costs are limiting the effect of lower crude prices.

Why is it on the Radar?

Diesel supply and prices are affected not only by crude oil prices but also by refining costs and developments involving Russian facilities, according to the source.

Sources and timeline