... pressure. Against this backdrop, global oil prices, after a recent decline, are consolidating in the mid-$60s per barrel, demonstrating cautious stabilization around the $66–67 per barrel mark for Brent crude. In Russia, the export ban on gasoline and diesel, introduced to saturate the domestic market, remains in effect, which, combined with budget subsidies, is curbing the rapid rise in fuel prices. At the same time, Europe is rapidly increasing natural gas reserves ahead of the heating season, filling storage facilities significantly faster than last year's schedule. Despite the global push towards energy transition, short-term realities ...

... and timelines. Payment Schemes: Utilizing friendly currencies and intermediary trading entities reduces operational risks. Impact on Indian Refinery Margins Increase in Gross Refining Margin (GRM): The discount to Brent raises the spread between crude prices and products. Optimization of Product Yields: Blending Russian and Middle Eastern grades allows for flexible management of diesel and jet fuel output. Reduction in Purchasing Volatility: Long-term supply schedules stabilize utilization rates. Consequences for Russian Exports Support for Export Volumes: Indian demand compensates for weaknesses in other regions. Stabilization ...

... leadership of major oil companies on August 14 to discuss measures for keeping fuel prices in check. Additional support measures for the market are expected to be discussed. Among the considered steps are: Increasing the mandatory sale quota of gasoline and diesel on the exchange from the current 15% to 17% of output to enhance supply in the domestic market and curb speculative price growth. Adjusting the damping mechanism for refining subsidies – in the case of further unfavorable price developments, authorities may consider temporarily changing the formula or suspending payments to reduce budgetary burdens and stimulate ...

... with the leadership of major oil companies to discuss measures to curb fuel prices – additional support measures for the market are expected to be discussed. Among the steps being considered are: Increasing the mandatory sale quotas for gasoline and diesel on the exchange from the current 15% to 17% of production volumes, to increase supply in the domestic market and reduce speculative price increases. Adjusting the damping mechanism for subsidizing refineries – in case of further unfavorable price developments, authorities may allow a temporary change in the formula or suspension of payments to reduce the burden on the budget and ...

... government is compelled to intensify market regulation. On August 14, a meeting of the monitoring headquarters on the situation in the FES was held under the chairmanship of Deputy Prime Minister Alexander Novak, after which a set of measures to cool price frenzy was announced, including: Extension of Export Ban on Fuel: A complete ban on the export of gasoline and diesel fuel from Russia, which was previously in effect throughout August, has been extended until the end of September and expanded to all producers (including the largest oil companies). Partial Resumption of Exports from October: It is expected that ...