Russia’s government on Wednesday extended the ban on exports of diesel, marine fuel, and gasoil for all fuel producers by October 31, which effectively extends the period in which the tightening global market will have to cope without Russian diesel shipments for another month.
The government took the decision to extend the ban, which has been in place since the summer, “to maintain a stable situation on the domestic fuel market, including to meet higher demand for fuel during the harvest season.” Russia has been extending the…