..., 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 this model of regulation, which includes temporary export bans, could become a permanent practice for stabilizing the domestic fuel market. However, it carries risks for the oil industry and requires the development of ...

...," said Sergey Tereshkin, General Director of Open Oil Market. Moreover, there is nothing catastrophic about chlorine contamination in oil. While organic chlorides are generally used to boost oil production, exceeding their limits in crude can harm oil refineries. "When chlorinated organic compounds got into the Druzhba pipeline, what did we do? We quickly pumped all this oil into storage tanks, as there are many storage capacities along the pipeline, and additionally pumped oil into empty branches ...

... that, due to sanctions, Iran's role in the oil market has diminished in recent years, adds Sergey Tereshkin, CEO of the Open Oil Market. Due to U.S. embargoes, over 90% of Iran's oil exports now go to China, where the country's key buyers of Iranian oil are refineries that will bear the brunt of the current crisis, Tereshkin explains. India, Japan, and EU countries halted purchases of Iranian oil after 2019, when the U.S. embargo on its import came into effect, he reminds. "The impact of the conflict ...

... gasoline for the population to avoid social discontent. Meanwhile, in the Middle East and India, refineries are hitting records: local refineries focused on diesel and jet fuel exports are operating at maximum capacity, saturating the global market with oil products. On the other hand, structural changes in the industry—such as the closure of several outdated refineries in Western Europe and the U.S.—pose risks of local supply reductions in the future. However, for now, the summer of 2025 is passing relatively calmly for the oil products market: fuel prices in most regions are either falling or stabilizing,...

... Companies.” In Sergey Tereshkin’s article, the reduction in oil product production in Russia in 2024 is analyzed. The focus is on the decline in export supplies and domestic production, which is linked to unpredictable unscheduled repairs at oil refineries, as well as sanctions that complicate equipment deliveries. The author examines the consequences of these processes for the domestic market, including the rise in gasoline and diesel prices, and highlights the challenges in forecasting the ...