Russia's Diesel Export Ban Shuts a Door Europe Just Opened

Europe's diesel shortage stems from Strait of Hormuz supply risk and a Russian export ban that closed a route Europe had just reopened. Marco Saggese, Vice President of Clearing and Execution Sales at StoneX, explains how unprecedented diesel cracks, geopolitical supply risk and thin gas storage are shaping European energy markets before winter. Diesel and heating oil come from the same barrel and differ mainly on cost and additives, which is why distillate tightness carries through into heating demand. European natural gas storage is rebuilding but still sits below comfortable levels, while low water on the Rhine river has left product stranded at the Amsterdam, Rotterdam and Antwerp hub. Mild winters have absorbed similar supply pressure in the past. Discover Actionable Energy Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/energy?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_marco_saggese&utm_content=share 00:00 - Europe's Winter Supply Strain 00:43 - Refiners Lock In Big Margins 01:37 - Hormuz Risk and Russia's Ban 03:05 - The Rhine Traps Diesel Barrels 04:00 - Heating Oil Follows Diesel Up 05:22 - European Gas Storage Runs Thin Like and subscribe for more financial market insights. #CrudeOil #NaturalGas #StoneX #MarcoSaggese