Скачать или смотреть Diesel Prices Surge as India Shuns Russian Oil: What’s Driving the Spike? | Oil Market Analysis

Diesel spreads have hit a near two-year peak after India’s major oil refiners cut Russian crude purchases for December, turning instead to Saudi Arabia, UAE, and Iraq. This shift, influenced by U.S. sanctions and diplomatic pressures, has tightened oil product markets despite stable crude prices. Standard Chartered reports that ICE Brent-Gasoil crack spreads have doubled to a 21-month high of $32/bbl. Meanwhile, U.S. oil production continues to grow, with Exxon Mobil and Chevron posting record outputs, and the EIA forecasting marginal declines in 2026. StanChart has cut its 2026 and 2027 oil price outlook, citing contango in the futures curve. Rising U.S. shale production costs and breakeven points add further complexity to the market. What does this mean for global energy prices and supply chains? Watch to understand the key drivers behind these trends and their implications for the oil industry.
Keywords: diesel prices, oil market, India, Russian crude, U.S. sanctions, Brent-Gasoil crack spreads, Exxon Mobil, Chevron, EIA, StanChart, shale production, contango, energy prices.