Russia Will Consider Partial Lifting of Diesel Export Ban in Case of Overproduction, Novak Says
Deputy Prime Minister Alexander Novak said the domestic diesel market is balanced and exports could reopen if production exceeds demand.
23 Articles
23 Articles
The Russian Deputy Prime Minister argues that "the diesel market is balanced and supplies are sufficient." Still, a Russian helicopter will have been shot down by mistake in Voronezh.
Russia said today it would consider partially lifting a ban on diesel exports in the event of overproduction. Speaking to the upper house of the Russian parliament, Deputy Prime Minister Alexander Novak also said the domestic market was currently balanced.
The Moscow Times
DevdiscourseRussia Will Consider Partial Lifting of Diesel Export Ban in Case of Overproduction, Novak Says
Russia said on Friday it would consider a partial lifting of diesel export restrictions in case of overproduction, raising the prospect of a possible reprieve for global fuel markets strained by war and supply shortages.
Russia's Vice-Premier, Alexander Nowak, said that when diesel fuel is over-production, the authorities might consider partially opening its exports. "We now have a balanced market for diesel, enough fuel. And even though we have extended the ban on exports just a few days ago, we will monitor the situation and, if diesel is over-production, we will consider partially opening the export," said Russian Vice-Premier Alexander Novak, transmitting RI…
The domestic market for diesel fuel is balanced, in case of overproduction we will consider partial opening of exports, advised Vice-Premier Alexander Novak at a government hour in the Federation Council." We are taking all necessary measures to ensure that the market is equipped with all types of petroleum products.
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