... year (4.61% versus 4.51%). There is indeed an understanding that prices at gas stations should not rise above the inflation rate, and the Federal Antimonopoly Service (FAS) is closely monitoring retail pricing. However, this understanding is not law.... ... 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 ...

... than that of summer diesel. An equally important factor is the lag in diesel price growth compared to the overall inflation rate. By November 11, 2024, cumulative inflation was 7%, while the retail price increase for diesel was 4.9% and for gasoline ... ... hikes are of a different nature than last year's. For example, the fuel crisis of July-September 2023 was linked to planned cuts in the damper payments. As a result, oil companies opted to compensate for losses by sharply raising exchange prices. This ...

... of these measures could help mitigate imbalances without harming refining profitability. Preliminary forecasts suggest that with the comprehensive measures taken, the rate of price increase for gasoline could be reduced to below the overall inflation rate by the end of the year. Nevertheless, oil companies still face a challenging period: a stringent monetary policy (to curb inflation) and persistent restrictions on fuel exports may cut into their margins. Nonetheless, the situation is gradually balancing out. The government expects that by September, gasoline production volumes will surpass domestic consumption, eliminating the deficit and cooling prices. Oil product reserves at ...

... a reduction in losses or a profit from the Digital division. The EPS improvement in the reporting quarter partially reflects cuts in online promotional spending and recovering attendance at offline casinos. If the company reports profitability in its ... ... business, FTAI has focused on aviation, and the results are impressive—both profit and revenue are growing at double-digit rates. Investors need to assess how sustainable this growth is. A factor will be the recovery of global aviation—airlines are ...

... on the macroeconomic front. Federal Reserve board member Michelle Bowman expressed support for the idea of lowering interest rates three times by the end of the year. Cheaper money traditionally increases demand for risk assets, and expectations for rate cuts are adding optimism among crypto investors. However, certain regulatory decisions are still having mixed impacts. For instance, the expansion of U.S. import tariffs announced on August 8 is affecting cryptocurrency mining equipment as well. Rising ...