Diesel Supply Tightens Despite Recovering Crude Flows

Diesel supply is tightening because refinery outages in Russia and the Middle East hit plants that mostly export middle distillates, not gasoline. Bruno Santos, StoneX Brazil, Market Intelligence Analyst, explains why recovering crude flows have not eased the squeeze in refined fuels. Around 14% of global refining capacity was offline, double the usual seasonal level, and Russia has banned diesel exports. Heavy U.S. diesel exports have pushed U.S. inventories below their five-year average, leaving Brazil's diesel supply more reliant on domestic output. Download the StoneX 2026 Commodities Outlook: https://www.stonex.com/en/insights/commodities-outlook/?utm_source=youtube&utm_medium=qr_code&utm_campaign=mi_outlook_q4_26 Discover Actionable Markets Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/energy?utm_source=youtube&utm_medium=social&utm_campaign=mi_outlook_q4_26_sxtv_bruno_santos 00:00 - Crude Eases, Fuel Stays Tight 00:57 - Crude Supply Finds Flexibility 03:26 - No Spare Room in U.S. Refining 05:19 - Hormuz Risk Premium Holds Firm 07:05 - Russia's Diesel Ban Bites 09:12 - U.S. Diesel Exports Hit Stocks 10:24 - Brazil Diesel Risk at Planting 11:30 - Gasoline Cools as Diesel Heats Like and subscribe for more financial market insights. #StoneX #BrunoSantos #Diesel #CrudeOil --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@StoneX_Official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social