Diesel takes up the biggest part of the world’s oil use.
BY Mahnoor | 13-07-2026
NEW YORK/LONDON: Russia’s decision to ban diesel exports this week has caused chaos in global energy markets. This has made diesel shortages worse and sent prices soaring, even in countries that no longer buy fuel from Moscow.
Diesel makes up the largest part of global oil use, and Russia is the world’s second-largest diesel exporter after the US. Problems at Russian refineries can greatly reduce global fuel supplies. Before this ban, exports were already slowing because Ukraine’s drone attacks caused fuel shortages inside Russia.
According to Kpler, Russia sent only 234,000 barrels of diesel and gasoil per day from July 1 to 10, down from 400,000 in June and the 2025 average of 817,000.
US attacks on Iran, launched just hours after Russia announced its export ban, have added pressure to diesel supplies. These attacks raised fears about ships passing through the Strait of Hormuz and the harmful impact on Middle Eastern exports.
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