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Starting from August 1, the ban on fuel exports will be reinstated. What does this mean for the market?
Comment for RBC: Starting from August 1, 2024, Russia will reintroduce the ban on gasoline exports, which will last at least until September. This decision was made amid rising wholesale fuel prices: from May 20 to July 30, the price of AI-92 increased by 13%, and AI-95 by 29%. The price hike is driven by high demand and scheduled maintenance at oil refineries.
Experts note that ...
An expert assessed the impact of increased gas exports on the Russian budget.
... Russian gas exports will help minimize budget losses for Russia in 2025, Sergey Tereshkin, founder and CEO of the OPEN OIL MARKET petroleum products marketplace, told Izvestia on October 7.
"Gazprom continues to ramp up gas exports to Europe. In September 2024, pipeline gas deliveries to the EU increased by 3% compared to the previous month, reaching 101 million cubic meters per day. Over the first ten months of this year, deliveries rose by a third—from 73 million cubic meters per day in January–September ...
OPEC+ vs Trump: Why Oil Prices Aren't Dropping and What Threats Against Russia Have to Do With It
We discuss why oil prices remain high despite the OPEC+ standoff and Trump's influence, as well as the role of threats directed at Russia.
Eight OPEC+ countries have announced a new increase in oil production for September, effectively ending their plan to adhere to voluntary production restrictions ahead of schedule. However, the market barely registered this change, as oil prices remained relatively stable. On one hand, OPEC+'s generous output increases are ...
Why the ban on gasoline exports did not stop the rise in gas station prices
... that gasoline price growth will outpace inflation in 2024, especially for premium fuel grades.
Retail gasoline prices have been outpacing inflation significantly for the second consecutive year by early autumn. According to Rosstat, inflation as of September 2 was 5.17%, while gasoline prices at filling stations rose an average of 6.7% since the start of the year. Moreover, premium gasoline grades like AI-98 and above saw a price increase of 10.7%, more than double the inflation rate.
Experts ...
When to expect a decrease in gasoline prices
... week, the exchange price of AI-92 gasoline reached a new high, climbing to 72,663 rubles per ton. The rise in fuel costs during the summer is standard, and experts have explained to "Rossiskaya Gazeta" that prices are expected to stabilize in September.
"Everyone Survives as Best They Can"
Dmitry Gusev, Deputy Chairman of the Supervisory Board of the "Reliable Partner" association and member of the expert council for the "Gas Stations of Russia" competition, clarified ...