Russia extends diesel export ban through October, tightening global market

Russia: Russia is a major global producer and exporter of energy commodities, including refined petroleum products such as diesel fuel. The country has extended its ban on most diesel exports through October, further tightening international supply conditions as part of ongoing efforts to manage domestic fuel availability. • The extension applies to diesel, ship fuel, and gasoil exports by Russian producers through October 31. • Export restrictions on non-producers remain in effect until January 31, 2027. • Supplies covered by intergovernmental agreements and some humanitarian shipments are exempt. • Russia introduced the restrictions amid domestic fuel shortages, refinery outages, and Ukrainian attacks on refining infrastructure. • Russia is a major diesel exporter, so reduced availability can tighten regional balances and support international diesel prices. • The impact will depend on alternative supplies, refinery utilization, inventories, and the duration of the restrictions.