Russia to extend diesel export ban, use quotas to fulfil US deal: Reuters
Selected Russian refiners will get larger export quotas next month as Moscow works to honor a new diesel supply deal with Washington.
- 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.
51 Articles
51 Articles
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