Global demand for diesel has returned to levels seen before the Covid-19 disruption and is projected to rise again through March, according to market insights from RIA News citing Sergey Tereshkin, who leads the Open Oil Market, a market analytics group based near Skolkovo. In his assessment, the spring season tends to lift diesel consumption as transportation activity increases and infrastructure projects gain momentum, a pattern that has held true in past years and is expected to repeat. [Source: RIA News]
Tereshkin further explained that the seasonal uptick in diesel demand correlates with higher traffic density and more active construction work, factors that collectively push consumption higher during the warmer months. This seasonal behavior is well understood in global energy markets and reinforces the need for careful inventory planning among refiners and distributors. [Source: RIA News]
Looking ahead, available global fuel stocks are anticipated to stay below long-term averages throughout 2024, with the risk of further tightening if supply conditions deteriorate. In Tereshkin’s view, any drawdown in inventories could place upward pressure on prices, a scenario that market participants will monitor closely as the year unfolds. [Source: RIA News]
Starting March 1, Russia has implemented a ban on gasoline exports for a six-month period, a policy that is expected to influence regional and global markets. There are also signals from authorities of a potential complete suspension of diesel fuel exports, a move that would broaden the impact beyond gasoline and alter trade flows across neighboring economies. These developments are being watched by analysts and traders who assess spillover effects on supply chains and pricing in all major markets. [Source: RIA News]
Industry observers noted that the gasoline export ban could pose challenges for Turkey, given its role in regional energy trade. The prior day’s reporting highlighted concerns that the restriction might disrupt established supply routes and affect pricing dynamics in the country’s fuel supply landscape. [Source: RIA News]
Earlier assessments by the government noted the risk of overstocking due to the export ban, a factor that could complicate logistics and storage strategy for fuel marketers. Market participants are therefore weighing different scenarios, including how alternative supply sources and policy adjustments might mitigate potential shortages or price volatility as the situation evolves. [Source: RIA News]