Russia is reportedly preparing to extend the diesel export ban for another month, TASS reports
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Russia is reportedly preparing to extend the diesel export ban for another month, TASS reports Saudi Aramco is considering discounts on OSPs for crude loaded off Oman via ship-to-ship transfers to offset record freight rates, according to reports Citi/YouGov Poll: UK September long-term public inflation expectations 4.3% (prev. 4.1% M/M) The transmission runs through the Atlantic basin diesel balance: Russian barrels displaced from export markets tighten prompt supply in Northwest Europe and the Mediterranean, widening the gasoil crack and steepening ICE gasoil backwardation, while partially redirected flows via third-country blending and re-export blunt the headline volume loss. The distinction that matters is between seaborne diesel and the exemptions that have historically accompanied such measures, since pipeline deliveries and certain partner-country flows have typically continued. Worth watching is the domestic Russian wholesale price backdrop, which has been the stated trigger both for imposing and for easing these curbs, and whether the exemption list shifts. TASS sourcing on Russian energy policy has generally been reliable as an advance signal of official decrees, though the formal resolution is the confirmatory print.
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