• In recent weeks, Russian customers have highly likely been experiencing localised petrol and diesel shortages. The shortages are unlikely to be a direct result of the war. They are probably being caused by a range of factors including short term demand increases from the agricultural sector, annual summer maintenance of refineries, and attractive prices for export.
  • On 21 September 2023, Russia suspended nearly all diesel and petrol exports in order to stabilise its internal markets.
  • The move will almost certainly further constrain supplies in a tight global market, likely having the greatest impact on countries currently dependent on Russian fuel supplies.
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