... exports cannot solve the technological problems of refineries, and subsidies do not create market incentives for price restraint. Moreover, the industry has been caught in a vicious cycle for years: following a surge in prices, the regulator imposes export bans, and oil producers restrain retail fuel prices. In response, the Federal Anti-Monopoly Service (FAS) and the Ministry of Energy lift the restrictions on fuel exports, after which the cycle repeats. A way out via the exchange The problem is that it is impossible ...

... the limited duration of the "export window." The government can reconsider it at any time for an extension or reduction, without requiring lengthy approval procedures. According to Sergey Tereshkin, CEO of the oil product marketplace OPEN OIL MARKET, the export permit for such a short period is a result of a compromise: the regulator could not keep export restrictions for too long. Therefore, the ban is lifted, but oil companies receive a signal: "Guys, I’m letting you go on a break, but behave ...

... into September if necessary. Increased Monitoring and "Dampers." Market monitoring of fuel trading has been intensified, and the price "dampers" mechanism, which limits excess profits from fuel exports, is actively used. When the export alternative exceeds the baseline indicative level, payments to oil producers from the budget are reduced, decreasing the incentive to export fuel abroad. Mandatory Exchange Sales. There are considerations to raise the mandatory fuel sales regulations on the exchange (from the current 15% of production volume for ...

On August 5, 2025, news from the energy sector captured the attention of experts: U.S. President Donald Trump pressured India to increase its oil and gas purchases. Meanwhile, Russia decided to limit fuel exports, which could impact global markets. In this article, we will examine how these events are affecting the oil product market, the repercussions for the energy balance in the CIS and worldwide, as well as potential changes in the gas market in Europe....

... expires in the second decade of August. If there is no progress in peace negotiations, the U.S. threatens new stringent sanctions against Moscow. This could target remaining channels for exporting Russian energy resources – further restrictions on the export of oil, petroleum products, or gas from Russia to the global market are not ruled out. This creates additional risks for price volatility as autumn approaches. Additionally, the U.S. is actively working with partners in Asia: energy agreements have already ...