Live Updates > Live Update Details
2026-09-15 19:32:08
[Geopolitical Disturbances Combined, Diesel Market Under Pressure] ⑴ Ukraine claims its armed forces attacked an oil refinery in Russia's Samara region, approximately 120 kilometers west of Samara and 750 kilometers southeast of Moscow. ⑵ This attack came shortly after Trump's tariff comments sparked market concerns; the US had previously called on Ukraine to halt attacks on Russian oil refineries. ⑶ The average retail price of diesel in the US has exceeded $6 per gallon, disrupting global refining capacity and putting pressure on fuel supplies ahead of the Northern Hemisphere winter. ⑷ Ukraine also claimed to have attacked a drone production facility in Taganrog and a drone preparation and launch site in the Oryol region, with targets also hit in the Black Sea. ⑸ Ukraine welcomed the US's announcement of significant measures against a systemic Russian bank, stating that pressure from various parties needed to create suitable conditions for diplomacy. ⑹ Trump attributed the diesel shortage to the attacks, claiming they were harming the world, while fuel costs ahead of the US midterm elections are exacerbating political anxieties. (7) Ukraine's continued attacks on Russian refining facilities have reduced Russian refining output, and coupled with Russian export restrictions, overseas diesel supply has tightened significantly. (8) Saudi Arabia shut down its east-west oil pipeline after a drone attack. Saudi Arabia and Iraq claim the attack originated in Iraq. This pipeline is a key export route bypassing the Strait of Hormuz. (9) The Houthi advance near the Bab el-Mandeb Strait threatens another vital sea route, simultaneously exacerbating transport disruptions on both sides of the Arabian Peninsula. (10) Market sentiment is driven by multiple supply risks, and the diesel-distillate crack spread may remain high in the short term. Going forward, attention should be paid to the frequency of Russian-Ukrainian attacks, the progress of Saudi pipeline restoration, and the safety of navigation in the Bab el-Mandeb Strait.
