Global fuel markets were set to receive another shockwave when Russia announced a ban on diesel and gasoline exports amid tight domestic supplies. Brazil and other importers of Russian diesel were expected to suffer the most. But judging by the falling prices, things are not going quite as some had expected.

In this episode of the Platts Oil Markets podcast, London-based oil news reporter Elza Turner and oil price reporters Matthew Tracey-Cook and Sasha Foss join Francesco Di Salvo to discuss the market's reaction to a ban that many traders doubt Russia can stick to for much longer.

Related price assessments:
AAVBG00 - ULSD 10ppmS CIF NWE Cargo
AULDA00 - ULSD DAP South Brazil (All-Origin)
AAQZV00 - Gasoline Eurobob FOB AR Barge

Read more: Russian authorities discussing easing diesel export ban: energy minister

Ban on diesel and gasoline exports: Will Russia double down or reverse course?

Oil Markets

Ban on diesel and gasoline exports: Will Russia double down or reverse course?