Russian Fuel Stocks Remain Plentiful

Russian refiners have been ordered to increase supplies of winter diesel fuel available for exchange trading according to the Russian government after the latest fuels meeting with authorities.

• The production rate for winter diesel fuel at the end of November was higher than in the same month last year the meeting noted, while gasoline and diesel fuel reserves remain high.
• The meeting participants noted the stabilization of fuel prices in the country and the absence of shortages.
• The country had faced shortages earlier in the year resulting in high prices followed by an export ban to bolster supplies.