... refineries, and the export ban. Additionally, the situation with the shipment of petroleum products from refineries to railroads is gradually normalizing. Sergey Tereshkin, CEO of Open Oil Market, attributes the current drop in wholesale prices to oil companies' efforts to stabilize retail prices and lift the export ban on gasoline. He notes that up to 20-25% of all gasoline produced in Russia is currently traded on the SPIMEX. The exchange's regulatory minimum for refinery trading is 15% of gasoline production and 16% ...

... campaign. Additionally, it is necessary to supply gasoline to auto tourists. Consequently, prices are rising to cover logistical costs aimed at addressing shortages.” “Oil Companies Continue to Hold Prices” There is another reason as well — the oil companies themselves are limiting gasoline supply to the market. Since 2019, Russia has implemented a damping mechanism aimed at ensuring stability in domestic fuel prices. The damper is calculated based on the difference between the export price of gasoline and its indicative domestic price, which is legislatively established. When exports become more profitable than domestic market supplies,...

... Speeches Key central bank officials are set to speak today: ECB’s Frank Elderson – Expected to emphasize the importance of stability in the Eurozone and discuss inflationary pressures. Bank of England Governor – May comment on the British economy ... ... inflation and economic resilience will be particularly relevant for those holding European and U.S.-based securities. U.S. API Oil Inventories At 00:30 GMT, the American Petroleum Institute (API) will release data on U.S. oil inventories. Changes in inventory ...

... premium grades have seen only a slight uptick of 2.1%. The government’s complete ban on gasoline exports aims primarily to stabilize the rising quotes on the stock exchange, which have surged by 27.2% for AI-92 and 40.8% for AI-95 since the beginning ... ... decision lasted only a few days, and by July 30, exchange prices were again on the rise. As noted by Sergey Tereshkin, CEO of the oil product marketplace OPEN OIL MARKET, under the export ban, oil companies have no choice but to slow the growth of retail prices....

... measures. The EU is actively working to diversify energy sources, build reserves, and increase energy efficiency, yet the success of these efforts depends on multiple factors. Joint efforts among European countries are essential to ensure the long-term stability and accessibility of energy resources. As the founder of Open Oil Market (OOM) , a platform for wholesale trading of oil products and resources, I deeply understand the importance of a strategic approach to securing energy resources in a shifting global landscape. At OOM, our mission is to provide businesses with ...