... exchange). Another factor behind rising exchange prices is unplanned refinery repairs due to drone attacks, according to Reuters. Reports indicate that the Novokuybishevsk refinery has been shut down since the beginning of August, and the output of petroleum products from the Ryazan refinery has been cut by half. The market could indeed respond to news about reduced gasoline shipments, but it is unlikely to reflect a tangible decline in supplies in such a short timeframe. In 2024, Novokuybishevsk refinery produced around 1.1 million tons of gasoline, while Ryazan ...

... problem but only "alleviates the symptoms" for a short time. According to Sergey Tereshkin, CEO of the OPEN OIL MARKET petroleum marketplace, export restrictions could indeed increase the supply of gasoline in the domestic market. In recent years, exports have accounted for 12-15 percent of supplies from Russian refineries. The problem is that this measure only works over a short period. In the long term, oil producers will adjust gasoline production to match domestic market demand, thereby reducing oil processing and freeing up raw materials for export. As noted ...

... for Russia and Saudi Arabia alone will increase by a total of another 1.1 million barrels per day. Additionally, the oil market has almost completely absorbed the "post-COVID" recovery in demand, which is why the dynamics of final consumption ... ... vehicles, a surge in demand for polymers due to urbanization in South and East Asian countries, and increased competition between petroleum products and liquefied natural gas (LNG) in maritime transport. These factors will ensure a more modest increase in demand for ...

... oil statistics. At 23:30 Moscow time, the American Petroleum Institute (API) will release its preliminary report on oil and petroleum product inventories in the US for the past week. This unofficial indicator often sets the tone for oil prices ahead of the official ... ... prices. Oil price fluctuations reflect on the stocks of energy companies worldwide and are particularly sensitive for the Russian market (the Moscow Exchange index is rich in oil and gas issuers). Moreover, changes in oil prices affect the currencies of commodity-exporting ...

... Inventories Late in the evening, at 23:30 MSK, as usual on Tuesdays, the American Petroleum Institute (API) report on oil and petroleum product inventories in the US will be released. While this data does not constitute official government statistics (official figures ... ... (presumably due to temporary factors like releases from reserves and diminished exports) pressured oil prices last week. The market wants to understand whether this was a one-off spike or a continuing trend. If the API again reports a significant increase ...