February 7, 2023--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The European ban on Russian diesel and other refined petroleum products might not have much of a price impact, though it could increase the pressure on the U.S. refining sector.

Members of the European Union on Sunday opted to impose a $100-per-barrel cap on Russian diesel, gasoline and jet fuel. That followed a December cap on Russian crude oil at $60 per barrel. Both measures set a ceiling for the price at which insurance companies and shippers can handle Russian products.