Nymex Overview: Diesel Contracts Gain as Russia Moves to Restrict Exports — OPIS

Diesel contracts were trading higher Thursday morning after Russia announced a partial ban on exports, while crude oil and gasoline futures were weaker after rising for several sessions.

The lightly traded NYMEX October ULSD contract was up by 2.04cts to $2.3976/gal at about 11:15 a.m. ET and the November ULSD contract was 1.99cts higher at $2.3910/gal.

The NYMEX November West Texas Intermediate contract was off by 36cts to $64.63/bbl and December WTI was 32cts lower at $64.07/bbl.

The November Brent contract was 29cts in the red at $69.02/bbl and December Brent was trading 27cts lower at $68.19/bbl.

Oil contracts rose by more than 3.5% over the past two trading sessions.

The NYMEX October RBOB contract was off by 1.27ct to $2.0061/gal in light trading and the more-active November RBOB contract was 0.85ct lower at $1.9537/gal. Gasoline contracts settled higher over the four previous sessions, adding about 1.8%.

Russia on Thursday said it was banning re-sellers from exporting diesel through the end of 2025. The move, however, doesn't extend to the country's largest refiners. Government officials also said a ban on gasoline exports will be extended until the end of the year.

The move comes amid continued Ukrainian drone attacks on Russian refineries and oil infrastructure that have caused fuel shortages and price spikes in some regions of the country.

While Russian energy exports are under western sanctions, the country remains the world's second-largest diesel exporter. Since 2023, most volumes have been delivered to Turkey, Brazil and northern Africa.

The export ban is likely to increase pressure on U.S. diesel supplies at a time when distillate inventories remain about 8% below the five-year average. Diesel demand is expected to increase during the fall crop drying and winter heating seasons, while supply will likely be crimped by seasonal refinery maintenance.

This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.

--Reporting by Steve Cronin, scronin@opisnet.com; Editing by Jeff Barber, jbarber@opisnet.com

(END) Dow Jones Newswires

September 25, 2025 12:19 ET (16:19 GMT)