People familiar with the matter say Russia is considering extending the ban on most diesel exports for another month until the end of October as supplies tighten due to Ukraine's attack on refineries. People familiar with the matter also said that no final decision has been made on whether to extend the extension, and relevant parties will also discuss the risk that extending the ban may lead to excessive refinery inventories. The person declined to be named since related discussions have not been made public. This move could further squeeze the global diesel market, which is already experiencing rising prices. Moscow's first ban on diesel exports from producers in early July was originally a short-term measure to meet domestic demand, but as Ukraine continued to attack Russian refining facilities, the crude oil processing volume of Russian refineries fell to its lowest level in more than 20 years, and the ban was then extended. Ukraine hopes to trigger internal discontent in Russia by cracking down on oil refineries and weaken Russia's ability to produce and sell petroleum products.

Zhitongcaijing · 2d ago
People familiar with the matter say Russia is considering extending the ban on most diesel exports for another month until the end of October as supplies tighten due to Ukraine's attack on refineries. People familiar with the matter also said that no final decision has been made on whether to extend the extension, and relevant parties will also discuss the risk that extending the ban may lead to excessive refinery inventories. The person declined to be named since related discussions have not been made public. This move could further squeeze the global diesel market, which is already experiencing rising prices. Moscow's first ban on diesel exports from producers in early July was originally a short-term measure to meet domestic demand, but as Ukraine continued to attack Russian refining facilities, the crude oil processing volume of Russian refineries fell to its lowest level in more than 20 years, and the ban was then extended. Ukraine hopes to trigger internal discontent in Russia by cracking down on oil refineries and weaken Russia's ability to produce and sell petroleum products.