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Russia Raises Seaborne Diesel Export Plan After Ban Ends

OIL PRODUCTS

Moscow revised its October plan for seaborne diesel exports, increasing volumes by 334k b/d, according to Bloomberg.

  • This follows Russia’s decision to end its export ban on seaborne diesel.
  • Diesel loadings from the Baltic and Black Sea are now set to total 1.288m mt in October, down 26% on the month.
  • The sharp decline is the result of a halt to exports earlier in the month, in addition to continued restrictions on shipments such as reserving 50% of diesel output for domestic consumption.

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