The Quiet Drain on U.S. Diesel That Europe Is Causing

Diesel refining margins are at record extremes as Russian refinery outages and low inventories leave Europe and North America short of supply. Alex Hodes, Director of Energy Market Strategy at StoneX, explains how disrupted Russian refining capacity, record margins and thin distillate inventories are reshaping global diesel flows. Roughly 1.5 million barrels per day of Russian refining capacity is offline, and repeated strikes keep that figure moving as plants are repaired and hit again. Europe has turned to the U.S. Gulf Coast to cover the gap, with U.S. diesel exports at seasonal highs while the arbitrage window stays open. Supply through the Yanbu port on the Red Sea has become harder to rely on as Houthi attacks disrupt that corridor. Discover Actionable Energy Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/energy?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_alex_hodes&utm_content=share 00:00 - Europe's Diesel Squeeze Bites 01:09 - Margins at All-Time Extremes 01:58 - Russian Refineries Go Dark 03:12 - Attacks Become the New Normal 04:13 - Europe Leans on U.S. Barrels 05:58 - U.S. Stocks Pay the Price Like and subscribe for more financial market insights. #Diesel #StoneX #AlexHodes #CrudeOil