Topics

Posted 9/23/2023, 4:00:00 AM

Russia Bans Diesel Exports, Tightening Global Supply and Weaponizing Energy Amid Ukraine War

Russia has banned exports of diesel fuel used for transportation, heating, and industry, effective September 21. The ban has no end date.
Russia is a top global exporter of diesel. The ban could tighten already tight global diesel markets, especially heading into winter.
Russia may be using the ban to weaponize energy exports amid its war with Ukraine. But the ban also addresses domestic Russian fuel shortages and price increases.
It's unclear how long Russia can maintain the export ban before it runs into refining and storage capacity constraints, likely a few weeks.
The export ban may reduce complacency about risks of Russian energy supply disruptions. But Russia likely can't sustain it long without forcing refinery shutdowns.

yahoo.com

Relevant topic timeline:

9/15/2023

Finland bans entry of Russian vehicles, joining Baltic neighbors in restrictions

Finland will implement a ban on passenger vehicles registered in Russia starting Saturday, exempting EU citizens, diplomats, and those traveling for humanitarian reasons, in an effort to reduce traffic on the border between Finland and Russia.

9/16/2023

Sanctions Create Widespread Shortages in Russia, Weakening Economy and War Support

Sanctions imposed on Russia due to the invasion of Ukraine have resulted in fuel shortages, scarcity of readily available items, and impacts on the aviation industry, paper production, plywood manufacturing, cell-phone reception, tire and lubricant supply, and the production of military vehicles.

9/16/2023

France to Lift Ban on Below-Cost Fuel Sales to Ease Inflationary Pressure on Households

The French government plans to temporarily lift a ban on retailers selling road fuel below cost in efforts to combat inflation and alleviate pressure on households, while also requiring companies to indicate when they modify the size of a product on labels.

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.

9/25/2023

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.

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.

Topics

Posted 9/23/2023, 4:00:00 AM

Russia Bans Diesel Exports, Tightening Global Supply and Weaponizing Energy Amid Ukraine War

Russia has banned exports of diesel fuel used for transportation, heating, and industry, effective September 21. The ban has no end date.
Russia is a top global exporter of diesel. The ban could tighten already tight global diesel markets, especially heading into winter.
Russia may be using the ban to weaponize energy exports amid its war with Ukraine. But the ban also addresses domestic Russian fuel shortages and price increases.
It's unclear how long Russia can maintain the export ban before it runs into refining and storage capacity constraints, likely a few weeks.
The export ban may reduce complacency about risks of Russian energy supply disruptions. But Russia likely can't sustain it long without forcing refinery shutdowns.

yahoo.com

Relevant topic timeline:

9/15/2023

Finland bans entry of Russian vehicles, joining Baltic neighbors in restrictions

9/16/2023

Sanctions Create Widespread Shortages in Russia, Weakening Economy and War Support

9/16/2023

France to Lift Ban on Below-Cost Fuel Sales to Ease Inflationary Pressure on Households

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

9/25/2023

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.

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.