Russia Bans Fuel Exports to Stabilize Domestic Market Amid Shortages

Russia bans fuel exports to most countries due to shortages, exempts ex-Soviet states
Suffering from maintenance issues, rail bottlenecks, weak rouble incentivizing exports
Aims to stabilize domestic market, reduce prices for consumers
Cut diesel and gasoil exports 30% in early Sept vs Aug
Monitoring fuel purchases for agriculture, adjusting volumes
Suffering shortages of gasoline and diesel in recent months

reuters.com

Relevant topic timeline:

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

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.

9/25/2023

Russia Halts Diesel Exports, Stoking Energy Worries; Ukraine Gets New U.S. Aid; Credit Card Losses Climb

Russia has halted diesel exports due to winter concerns and speculation that it is using energy as a strategic tool, raising questions about the implications for domestic and international energy markets.

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, 1:06:00 PM

Russia Bans Fuel Exports to Stabilize Domestic Market Amid Shortages

Russia bans fuel exports to most countries due to shortages, exempts ex-Soviet states
Suffering from maintenance issues, rail bottlenecks, weak rouble incentivizing exports
Aims to stabilize domestic market, reduce prices for consumers
Cut diesel and gasoil exports 30% in early Sept vs Aug
Monitoring fuel purchases for agriculture, adjusting volumes
Suffering shortages of gasoline and diesel in recent months

reuters.com

Relevant topic timeline:

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

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.

9/25/2023

Russia Halts Diesel Exports, Stoking Energy Worries; Ukraine Gets New U.S. Aid; Credit Card Losses Climb

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