September 21, 2026 [Oil Price]- U.S. diesel prices exceeded $6.50 per gallon, while European fuel prices and supply concerns intensified amid disruptions to Russian and Middle Eastern refined-product supplies. Russia extended its diesel export ban through October as Ukrainian attacks targeted refineries, while Middle Eastern diesel output losses were reportedly three times those from Russia. In the U.S., Rep. Tim Burchett proposed a diesel export ban, backed by Senate Majority Leader John Thune, while Energy Secretary Chris Wright and Interior Secretary Doug Burgum opposed it. Meanwhile, Europe’s shrinking refining capacity and the idling of Lukoil’s 50,000-bpd Petrotel refinery are adding to supply pressures.

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