Diesel fuel exports from Russia fell by more than 75% in September \u2014 to around 141,000 barrels per day, compared with 608,000 a year earlier, according to Kpler\u2019s estimates. The decline is attributed to intensified Ukrainian strikes on refineries and oil infrastructure in the Russian Federation. This is complicating the implementation of Moscow\u2019s agreement with the US on additional supplies to the global market.<\/p>\n
Briefly about the main points<\/strong><\/p>\n An intensification of Ukraine\u2019s attacks on Russian oil refineries<\/a> and the associated oil infrastructure has limited Russia\u2019s ability to export fuel abroad. An expert at Columbia University\u2019s Centre for Global Energy Policy Tetyana Mitrova<\/strong> said that the range and effectiveness Ukrainian drones<\/a> have effectively paralysed Russian diesel exports.<\/p>\n According to her, Ukraine has increased its stock of drones and has learnt how to target more complex refinery equipment. The restoration of this critically important facility could take at least several months and depends on access to overseas supply chains.<\/p>\n As part of an agreement with the US President Donald Trump<\/strong> Moscow has agreed to increase diesel fuel supplies to around 75,000 barrels per day in October and to 124,000 barrels per day in November. These volumes were intended to ease the pressure on the fuel market, where prices are rising.<\/p>\n Head of Commodity Market Research at Kpler Matt Smith<\/strong> believes that unless the attacks on Russia cease, it will be difficult to restore the planned volumes. In his view, this is unlikely without energy truce<\/a>. At the same time, the supplies promised by Moscow remain modest compared with global demand.<\/p>\n Russia had previously restricted fuel exports in order to preserve supplies for the domestic market, but subsequently partially resumed shipments. Following the lifting of the ban, at least two tankers set sail from the Baltic port of Primorsk bound for Turkey and Brazil.<\/p>\n\n
It is difficult to replace damaged refinery equipment quickly<\/h2>\n
Moscow\u2019s planned supplies may not return to the market<\/h2>\n
The reduction in supplies from the Middle East is exacerbating the shortage<\/h2>\n