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Tuesday
21
Jul 2026
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Double shock in global diesel market disrupts product tanker balance

Russia’s export ban and the crisis in the Strait of Hormuz are reshaping trade flows, creating new routes for cargoes and altering the outlook for the product tanker market

The plan for cheaper petrol and diesel this summer: curbing fuel price hikes with a discount at the pump

Athens is preparing a temporary discount on petrol and diesel as renewed U.S.-Iran tensions push Brent above $76 a barrel, with Greece's two refineries funding the scheme, expected to run until the end of August

Russia bans diesel exports to address fuel shortages caused by Ukrainian strikes

"The country's energy system is one of the strongest in the world," Putin says

The benefit at the pump from the extension of the diesel subsidy until June stands at 15 cents

The fiscal cost amounts to €46 million – Diesel prices are 30 cents lower compared to the end of March – No new fuel pass

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