Russia Diesel Export Ban Extension Keeps Diesel Crack Near a Record as Refinery Strikes Pile On
Russia has locked its export tap on diesel and other middle distillates shut through the end of October, and the three strikes that hit its refining and export network in the past 36 hours are the reason the global diesel market is staying tight rather than loosening. Oil traded up about 2.5% on Thursday, with Brent near $102.80 and WTI near $90.37, not because any single barrel is missing but because the layers of supply risk are stacking: a producer ban on diesel, marine fuel and gasoil extended to Oct 31, a broader fuel ban that now runs to Jan 31 2027, fresh infrastructure strikes inside Russia against the same system that sends that fuel overseas, and reported possible US strikes in Ira…
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