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Russia Lifts Ban on Summer Diesel Exports


Russia is lifting all restrictions on summer-grade diesel exports as its domestic market is saturated with supply and prices have dropped, the Energy Ministry said via Telegram.

  • Summer-grade diesel inventories now exceeded 3.2mn tons, the ministry said.
  • Restrictions have been lifted to avoid needing to lower refinery runs and to ensure high production levels of winter-grade diesel and gasoline in the months ahead, the ministry added.
  • Russia’s Energy Minister Nikolay Shulginov said this week that Moscow is not planning to lift current restrictions on winter diesel exports but considered easing measures during the summer months.
  • Russian oil product exports are currently on track to reach a four-month high in November driven by diesel, Vortexa data showed.
  • Russian fuel shipments rose around 333kbpd from October to 2.4mbpd through 18 November, as refiners boost processing rates at the end of seasonal maintenance and on easing export restrictions.

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