# Explainer: Russia lifts diesel export ban; what happens next?

> Russia lifted its ban on diesel exports. European diesel futures spreads collapsed on the news, and the 6-month backwardation fell nearly 30% to $80.50 a metric ton.

- Date: 2023-10-06 · published 2023-10-06T12:00:00.000Z
- Category: policy · region Russia · magnitude high
- Page: https://feedsoft.ai/events/11715-explainer-russia-lifts-diesel-export-ban-what-happens-next
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Restored Russian diesel exports ease the tight supply that backwardation signals, which weighs on diesel prices and reduces the cost pressure on feed logistics and transport.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-09-30 | [Explainer-What is red-dyed diesel and can it help lower prices, as Trump wants? By Reuters](https://feedsoft.ai/events/17660-explainer-what-is-red-dyed-diesel-and-can-it-help-lower-prices-as-trump-wants.md) | -6.2% | -4.4% |
| DIESEL | 2026-10-29 | [Russia to extend diesel export ban, use quotas to fulfil US deal, sources say By Reuters](https://feedsoft.ai/events/1459-russia-to-extend-diesel-export-ban-use-quotas-to-fulfil-us-deal-sources-say-by.md) | -2.4% | — |
| DIESEL | 2021-11-24 | [Explainer: What is happening with U.S. gasoline prices? \| Reuters](https://feedsoft.ai/events/7078-explainer-what-is-happening-with-u-s-gasoline-prices-reuters.md) | -13.2% | -3.3% |
| DIESEL | 2021-06-01 | [OPEC to raise oil production in July, stays mum on what’s next](https://feedsoft.ai/events/46493-opec-to-raise-oil-production-in-july-stays-mum-on-what-s-next.md) | +3.6% | +3.7% |
| DIESEL | 2022-12-20 | [EPA's 'Set Rule' Drives Volatility in Renewable Diesel Margins \| Aegis Market Insights](https://feedsoft.ai/events/15352-epa-s-set-rule-drives-volatility-in-renewable-diesel-margins-aegis-market.md) | +9.6% | +11.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/russia-lifts-diesel-export-ban-what-happens-next-2023-10-06/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.