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Russia diesel export curbs to exacerbate tight supply in Asia in Q4

September 25, 2023 Comments Off

Russia’s move to temporarily ban diesel exports to ease surging domestic fuel prices could see more barrels moving from the Persian Gulf to the West, with market participants expecting tight supply conditions in Asia to exacerbate in Q4 if the ban is not lifted. The ban which comes into effect Sept. 21, is expected to remove around 1 million b/d…