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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessOIL PRODUCTS: Russia Could Consider Diesel Export Ban if Prices Rise Sharply
The Russian government may consider a ban on diesel exports if the fuel prices rise sharply, according to Kommersant sources.
- A ban is unlikely in August but is more possible in autumn although there is no decision on the potential ban yet.
- Any ban could impact both diesel producers and for traders buying third-party diesel.
- Current conditions do not suggest a ban, but the government is sending signals to warn producers against further diesel price hikes, Kommersant reported.
- Russia will reinstate its gasoline export ban in August while the Energy Ministry has proposed the ban be extended into Sep-Oct.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.