Topics

Posted 9/21/2023, 5:21:00 PM

Russia Bans Petrol and Diesel Exports to Stabilize Domestic Market Amid Price Spikes

Russia has temporarily banned exports of petrol and diesel outside of 4 ex-Soviet states to stabilize domestic market.
The ban aims to increase supply and reduce high fuel prices for consumers.
Diesel prices in Europe jumped 5% in response to over $1000 per tonne.
Russia has faced shortages and price spikes recently despite retail price caps.
The ban excludes fuel supplied under agreements with Eurasian Economic Union members.

theguardian.com

Relevant topic timeline:

9/22/2023

Oil Prices Rise on Supply Concerns After Russia Bans Fuel Exports

The recent global supply concerns caused by Russia's fuel export ban are driving up oil prices, counteracting the demand fears driven by macroeconomic headwinds and high interest rates.

9/22/2023

Russia Bans Gasoline and Diesel Exports, Putting Pressure on Global Energy Markets

Russia has halted gasoline and diesel exports to protect its domestic fuel supply and stabilize prices, potentially impacting global fuel prices and putting pressure on American consumers.

9/22/2023

Oil Prices Jump Over 1% as Russia Bans Fuel Exports, Raising Supply Concerns

Oil prices rose over 1% after Russia implemented an export ban on diesel and gas, which aims to replenish domestic supply and reduce prices, potentially impacting global oil supply and driving up energy prices, excluding demand shrinkage, while also predicting easing gas prices in the US except for some western states.

9/22/2023

Russia's Diesel Export Ban Could Spike Prices and Inflation in Europe

Russia's decision to ban diesel exports to most countries, including the European Union, could lead to higher diesel prices and a possible uptick in inflation in Europe, as Russia is the world's biggest exporter of diesel accounting for over 13% of global supply.

9/25/2023

Oil Prices Near $100 as Russia Benefits From Production Cuts Despite Sanctions

Higher oil prices, boosted by supply cuts from Saudi Arabia and Russia, may benefit Russia's oil revenues by allowing them to sell crude over the $60-a-barrel price cap imposed by sanctions.

9/25/2023

Russia Skirts G7 Oil Price Cap, Boosting Export Revenues by Billions

Almost three-quarters of Russia's seaborne oil exports are avoiding Western insurers, allowing the country to bypass the G7 price cap and increase its oil export revenues by $15 billion this year.

10/2/2023

Japan Bans Used Car Exports to Russia, Wiping Out $2 Billion Trade and Impacting Japanese Used Car Market

Japan's ban on used-car sales to Russia, driven by sanctions over Ukraine, has disrupted a trade worth nearly $2 billion annually and led to a decline in prices for second-hand cars in Japan, forcing brokers to seek other export markets.

10/6/2023

Fuel prices set to fall as oil price plummets after Russia lifts export ban

Diesel prices are expected to decrease after Russia lifted a ban on oil exports, causing a drop in global supplies and a decrease in fuel costs.

10/12/2023

U.S. Imposes First Sanctions on Shipping Firms for Violating Russian Oil Price Cap

The United States has imposed sanctions on two shipping companies for violating the oil price cap designed to diminish Russia's energy export revenue and prevent them from benefiting from soaring energy prices.

10/13/2023

Russian Oil Exporters Skirt Price Cap and Sanctions, Earning Big Profits

Russian crude oil producers are able to ship to refiners in China and India at the cheapest costs in almost a year due to the increasing number of vessels plying these routes, allowing them to earn more than the imposed $60 per barrel cap on Russia through sanctions.

Topics

Posted 9/21/2023, 5:21:00 PM

Russia Bans Petrol and Diesel Exports to Stabilize Domestic Market Amid Price Spikes

Russia has temporarily banned exports of petrol and diesel outside of 4 ex-Soviet states to stabilize domestic market.
The ban aims to increase supply and reduce high fuel prices for consumers.
Diesel prices in Europe jumped 5% in response to over $1000 per tonne.
Russia has faced shortages and price spikes recently despite retail price caps.
The ban excludes fuel supplied under agreements with Eurasian Economic Union members.

theguardian.com

Relevant topic timeline:

9/22/2023

Oil Prices Rise on Supply Concerns After Russia Bans Fuel Exports

The recent global supply concerns caused by Russia's fuel export ban are driving up oil prices, counteracting the demand fears driven by macroeconomic headwinds and high interest rates.

9/22/2023

Russia Bans Gasoline and Diesel Exports, Putting Pressure on Global Energy Markets

Russia has halted gasoline and diesel exports to protect its domestic fuel supply and stabilize prices, potentially impacting global fuel prices and putting pressure on American consumers.

9/22/2023

Oil Prices Jump Over 1% as Russia Bans Fuel Exports, Raising Supply Concerns

9/22/2023

Russia's Diesel Export Ban Could Spike Prices and Inflation in Europe

9/25/2023

Oil Prices Near $100 as Russia Benefits From Production Cuts Despite Sanctions

Higher oil prices, boosted by supply cuts from Saudi Arabia and Russia, may benefit Russia's oil revenues by allowing them to sell crude over the $60-a-barrel price cap imposed by sanctions.

9/25/2023

Russia Skirts G7 Oil Price Cap, Boosting Export Revenues by Billions

Almost three-quarters of Russia's seaborne oil exports are avoiding Western insurers, allowing the country to bypass the G7 price cap and increase its oil export revenues by $15 billion this year.

10/2/2023

Japan Bans Used Car Exports to Russia, Wiping Out $2 Billion Trade and Impacting Japanese Used Car Market

10/6/2023

Fuel prices set to fall as oil price plummets after Russia lifts export ban

Diesel prices are expected to decrease after Russia lifted a ban on oil exports, causing a drop in global supplies and a decrease in fuel costs.

10/12/2023

U.S. Imposes First Sanctions on Shipping Firms for Violating Russian Oil Price Cap

10/13/2023

Russian Oil Exporters Skirt Price Cap and Sanctions, Earning Big Profits