Business · Trade · 6 hrs ago
Novak says Russia can increase diesel exports without shortages at home
Russia's Deputy Prime Minister Alexander Novak said the country can export more diesel without leaving its domestic market short.
He said supplies are sufficient for seasonal farm work, including harvesting and sowing.
Novak also said domestic demand and the Northern Delivery initiative are covered.
He said Russia's oil refineries have capacity to support additional supplies to global markets, including the United States.
The planned exports come as global fuel markets face pressure linked to problems in the Strait of Hormuz and reduced refining capacity.
Disrupted infrastructure and logistics are also contributing to the difficulties, Novak said.
He said additional Russian supplies could help balance the global market.
Deputy Prime Minister Alexander Novak said Russia can increase diesel exports without causing shortages at home.
He said the domestic market is a priority and is fully supplied with diesel fuel.
Novak said fuel supplies are sufficient for seasonal agricultural work, including harvesting and sowing.
He said Russia can provide additional diesel to global markets, including the United States.
Novak linked the global supply situation to issues in the Strait of Hormuz and reduced refining capacity caused by disrupted infrastructure and logistics.
- Who
- Russian Deputy Prime Minister Alexander Novak.
- What
- He said Russia can increase diesel exports while keeping its domestic market supplied.
- When
- October 12, 2026.
- Where
- Russia; Novak also said additional supplies could go to global markets, including the United States.
- Why
- He said global supply conditions were complex because of issues in the Strait of Hormuz and reduced global refining capacity.
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- Speaker
- Alexander Novak
- Role
- Deputy prime minister
- Domestic fuel
- Diesel
- Agricultural work
- Harvesting and sowing are fully covered
- Potential export markets
- Global markets, including the US
What people are saying
As for the domestic market, it is a priority for us, and it is fully supplied with diesel fuel since the capacity of our oil refineries significantly exceeds production.
Today, agricultural operations, including harvesting and sowing, are fully covered, as are the 'Northern Delivery' initiative and the domestic market as a whole,
This will help balance the situation, which is currently quite complex due to issues in the Strait of Hormuz and a general reduction in global refining capacity caused by disrupted infrastructure and logistics,
Sources
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