Russia Extends Diesel Export Ban Through October
Russia Extends Diesel Export Ban Through October Russia will extend its ban on diesel exports for all fuel producers to October 31,Vedomostireported Tuesday, citing delayed refinery maintenance and the need to rebuild fuel reserves before winter.
The ban, expanded in July from traders and small refineries to cover all producers, had been due to expire September 30.
Petersburg commodity exchange traded at 70,546 rubles a ton in early September, and retail prices reached 88.44 rubles a liter on September 7, up 18.4% since the start of the year.
Russia's Energy Ministry said the current restrictions "may be adjusted" once supply volumes stabilize and reserves reach adequate levels, without naming a specific threshold.
Russia's six largestdiesel refineriesaccount for roughly half the country's production, and three of them (Kirishi, Volgograd and NORSI) are now shut or running at about a quarter of capacity due to Ukrainian drone strikes.
Kirishi is fully offline, Volgograd and NORSI are running near 25%, and Taneco was hit Sunday.
Russian diesel exports fell below 1 million metric tons in June, down from roughly 2.5 million tons a month a year earlier, with Turkey and Brazil losing at least half their prior cargo allotments.
President Donald Trump urged Ukraine on September 13 to stop "knocking out" Russian refineries, tying the strikes directly to U.S.
Energy analysts dispute the claim: aKSE Institute studyputs Gulf-related export losses at 152 million barrels between March and August, more than double Russia's 68-million-barrel drop, and Russia's seaborne diesel exports account for roughly 4% of world trade.
hit a record $6.27 a gallon onTuesday, up about 80 cents in a month and up from $3.69 a year earlier, prompting the Senate's top Republican to say he's open to discussing a U.S.
There is no real precedent for this in the U.S..
The crude oil export ban from 1975 to 2015 excluded diesel and gasoline, and refined-product exports have gone essentially unrestricted for decades.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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