Russia Extends Diesel Export Ban Amid Refinery Strikes and Domestic Shortages
The Russian government has extended its ban on the export of diesel, marine fuel, and gas oil by producers until September 30, according to DW. This extension adds a month to the original August 31 expiration date for producers, while a broader general ban on fuel exports remains in effect until January 31, 2027. This measure is an attempt to stabilize Russia's domestic fuel market, which has been significantly impacted by a record 21 Ukrainian drone attacks on oil refineries throughout August. Data from EA Analytics indicates that Russian oil refining has plummeted to its lowest level in over two decades, processing an average of just 3.8 million barrels per day in August. This is significantly below the traditional summer output of 5.3 to 5.5 million barrels per day needed to meet heightened seasonal and agricultural demand. The steep decline in refining capacity has led to severe domestic supply issues, with gasoline production and deliveries falling by nearly 20% year-on-year during the first three wee... 
