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<Commodity> Oil Price Volatility as Russia Plans to Ban Gasoline Exports from April
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The conflict in Iran has triggered a rise in global oil prices, and Russia plans to ban gasoline exports starting April 1 to ensure domestic supply. Russian Vice President Alexander Novak has instructed the Ministry of Energy to prepare relevant legislation to restrict gasoline exports by producers. Authorities stated that the Middle East crisis has led to significant volatility in the crude oil and refined oil markets, while global demand for Russian oil products remains strong. Data shows that Russia's gasoline exports amount to approximately 100,000 barrels per day. Although this is a small proportion globally, it still holds influence under tight supply conditions. (me/t) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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