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Russia eases diesel export ban, restores refiner’s subsidy as storage fills

October 6, 2023 Comments Off

Russia has largely lifted its ban on diesel exports just two weeks after its surprise move to curb soaring domestic pump prices sparked concerns over refining run cuts due to a lack of storage capacity. Exports of diesel shipped via pipeline to Russia’s seaports are now allowed, the energy ministry said Oct. 6, on the condition that producers deliver at…