Russia fuel shortage forces 12% cut in driving; export ban costs billions
Russia faces a domestic gasoline shortage, prompting authorities to urge drivers to reduce car usage by 12%. Diesel remains available, but the export ban imposed to stabilize prices is costing the industry billions in lost export revenue monthly. The shortage highlights structural inefficiencies in Russia's refining and distribution, with potential knock-on effects on military logistics and public sentiment.
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Russia — 242 developments
Global Diesel Supply: Russia Considers Partial Export Easing Amid US Curbs & Drone Risks
Global diesel supply remains tight due to ongoing Russian export restrictions, with potential US export curbs threatening further tightening. Russia's Deputy PM Novak indicated a possible partial easing of its diesel export ban if overproduction occurs, but Ukrainian drone attacks continue to pose a disruption risk to Russian refining capacity. The situation is characterized by conflicting pressures on supply and price.