Russia to extend diesel export ban, use quotas to fulfil US deal: Reuters
Quotas will quadruple to 2 million metric tons in November as Moscow keeps tight controls on fuel exports after shortages.
- Russia will extend its diesel export ban until year-end while allowing companies to ship fuel under a quota system to meet new export commitments to Washington.
- Fuel shortages earlier this year prompted Moscow to maintain tight controls on oil product exports as the current ban expires on October 31.
- After drone attacks on facilities subsided, refinery utilization rose 25% at month-end, while Nominal diesel production in Russia exceeds domestic consumption by about 40%.
- Deputy Prime Minister Alexander Novak said tankers are already under way, with export quotas quadrupling to 2 million metric tons, or about 0.5 million barrels per day, in November.
- An energy ceasefire with Ukraine has allowed increased fuel production, while a new government order expected in early November will expand the list of exempt refiners.
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Russia to extend diesel export ban, use quotas to fulfil US deal, sources say
Russia will extend its diesel export ban until the end of the year while allowing some companies to ship fuel under a quota system to meet its new export commitment to the US, two people familiar with the discussions told Reuters.
Russia is expected to extend its diesel export ban until the end of the year. However, it will allow some companies to ... The article Russia: Diesel export ban extended and quotas due to agreement with the US was published in NewsIT .
Russia maintains the diesel block but uses a quota system to comply with the agreement with the United States, with growing production data. Read more Russia uses quotas to comply with the diesel agreement with the USA on News.it.
In November, these quotas are expected to quadruple compared to October, reaching 500,000 barrels per day.
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