Russian diesel fuel exports last month fell by 14 percent, or 500,000 tons, last month as buyers shunned the product amid Western sanctions on Moscow for its invasion of Ukraine. “The largest decrease can be seen from the Black Sea ports as self-sanctioning starts to kick in by certain European countries,” Pamela Munger, senior market analyst at Vortexa, told Bloomberg today. “The UK, France and Italy have all reduced imports of Russian diesel.” Total diesel fuel exports from Russia in April stood at 3.32 million tons, which compared with 3.88 million tons in February, the last month without sanctions. “Looking forward, we could see a drop in Russian diesel exports as Russia seeks alternative buyers and Europe looks for alternative sources,” Munger added, as more EU sanctions targeting Russia’s energy industry take effect. The resulting supply reduction will fuel already significant inflation in diesel prices not only in Europe […]