Global diesel demand has already returned to pre-Covid levels and will continue to increase in March. With this estimate RIA News shared Sergey Tereshkin, CEO of the oil products market Open Oil Market (a resident of Skolkovo).
The expert noted that traditionally diesel demand is higher in the spring and summer months. He explained that the reason for this was the seasonal increase in vehicle traffic density and construction volumes.
Global fuel stocks are expected to remain below average in 2024. Moreover, they can shrink. Tereshkin warned that this would put pressure on prices.
Russia from March 1 enters Ban on gasoline exports. The restriction will be valid for 6 months. At the same time authorities planning Complete ban on diesel fuel exports.
previous day reportedIt was stated that the ban on gasoline exports from Russia could cause trouble for Turkey.
Previously the Council of Ministers appreciated Risk of overstocking due to gasoline export ban.