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Brazil imports more ‘dirt cheap’ Russian diesel at expense of US

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Published30 JAN 26 - 08:25 Reading time  minutes

Around the same time, a flurry of Ukrainian attacks on Russian oil refineries began, hampering the country’s capacity to produce diesel, while production at US refineries began to surge at favorable margins, said James Noel-Beswick, head of commodities at Sparta.

Bloomberg, January 30, 2026 – Brazil is once again buying large volumes of heavily discounted Russian diesel, cutting into US shipments as Russian refineries recover and push cheap barrels into one of the few remaining open markets. The shift reverses late-2025 trends and highlights how sanctions and changing trade flows are reshaping global diesel exports.

Read the full article here.

 

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James Noel-Beswick

Head of Commodities

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