Market Outlook
Press

Global refining margins soar as sanctions threaten Russian supplies

Cross BarrelCrudeDieselDistillateFreightFuel OilGasolineJetNaphtha
Analyst briefsChart packsDeep divesEventsOpinionsPodcastsPressWebinarsWhitepapers
Published03 NOV 25 - 11:43 Reading time  minutes
“The current diesel rally was built up from reduced Russian diesel exports due to Ukrainian drone attacks, seasonal refinery turnaround and limited Chinese clean product export quotas into Q4,” June Goh, senior oil market analyst at Sparta Commodities, told Reuters.

Reuters, Oct 28, 2025 – Global refining profits have hit their strongest level in nearly two years, with diesel leading the rally as new U.S. sanctions disrupt Russian exports.

Author

June Goh

Senior Oil Analyst

Rate this article

Average rating / 5. Vote count:

No votes so far! Be the first to rate this post.

Continue reading

  • New
  • Deep dive
  • Gasoline

Gas E/W looks due for a heat check

Gas E/W looks due for a heat check.

11 SEP 26 - 11:03

  • New
  • Podcast
  • Cross Barrel

Podcast: Houthis seize Mokka. Brent breaks $100. What now?

Podcast: Houthis seize Mokka. Brent breaks $100. What now?

11 SEP 26 - 09:55

  • New
  • Analyst brief
  • Cross Barrel

Risk premium builds as disruption broadens beyond Hormuz

Risk premium builds as disruption broadens beyond Hormuz.

11 SEP 26 - 08:28

  • New
  • Analyst brief
  • Distillate

Houthis take Mocha; GO e/w jumps $40/mt in hours, WCI LR2s swing East and the USGC arb into Europe c...

Houthis take Mocha; GO e/w jumps $40/mt in hours, WCI LR2s swing East and the USGC arb into Europe cracks open.

11 SEP 26 - 07:12

subscribe_cta_image

Get forward-looking insights straight to your inbox

Subscribe