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Market Chatter: Russia Nears Extension of Diesel, Gasoline Export Curbs

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Russia is considering extending restrictions on diesel and gasoline exports beyond July 31, including a one-month extension for diesel exports by producers and six-month extensions covering gasoline and diesel exports by non-producers, Interfax reported Thursday, citing sources familiar with the situation.

A draft has already been prepared, according to the report, though Deputy Prime Minister Alexander Novak will make the final decision. One person familiar with the matter said officials have effectively agreed on the proposal.

Russia's Ministry of Energy and the government's Press Service and Information Department did not immediately reply to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumors and speculation. Accuracy is not guaranteed.)

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