Usikker på om de tjener veldig mye på oljen sin lengre.
Rabatten på russisk olje har passert 30 dollar, det høyeste på nesten tre år. President Vladimir Putin risikerer en kraftig budsjettsmell.
www.finansavisen.no
Verden liker russisk diesel.
- Global diesel crack spreads surged from $16.7/bbl in early January 2025 to $34.17/bbl in November, before easing as Russian supply recovered, with cracks averaging $21.7/bbl in January 2026 so far.
- Russian diesel exports rebounded to around 900,000 b/d in December (after falling to a five-year low of 590,000 b/d in September), as refinery runs recovered from 5.0 to 5.5 million b/d.
- The return of discounted Russian diesel reshaped global trade flows, with shipments to Brazil rebounding tripling month-on-month to 181,000 b/d in December.
Russian diesel has moved from being the main bullish factor in global middle-distillate markets in 2025 to an overwhelmingly bearish force by early 2026, reversing a
year-long surge in refining margins. The European diesel crack spread rose from $16.7/bbl in early January 2025 to $34.17/bbl in November as Russian supply – already structurally weakened since the start of the war – slid into acute shortage. That squeeze has now eased with the diesel crack spread averaging $21.7/bbl in January 2026. Refinery repairs, recovering runs and a rebound in diesel exports – which returned to around 900,000 b/d in December – have pushed Russian diesel back into the market, softening cracks before the onset of EU sanctions on January 21 briefly firmed them again.