Two sources told Refinitiv that Russia will extend its diesel export ban through
year-end but will permit some refiners to export under a quota system to fulfill
a new supply commitment to the United States. November export quotas are set to
rise to about 2.0 mln tonnes—roughly four times October’s level, equivalent to
roughly 500,000 barrels per day. Exports under existing intergovernmental
agreements will continue. The current ban expires Oct. 31; in October Moscow
exempted several refineries and issued a total of 500,000 tons of export
quota. A new government order is expected in early November to expand the list
of exempt refineries and set fresh quotas; authorities may raise quotas further
if allocations are quickly exhausted.
