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Energy Sector News – Wednesday, July 30, 2025: Brent Surpasses $70; Europe Accelerates Gas Injections Before Winter
... will be in effect until August 31, 2025. This emergency measure aims to prevent fuel shortages in the domestic market and reduce the price surge during peak summer demand (holiday season and harvest campaigns). Previously, restrictions were limited to traders and oil depots; however, wholesale gasoline prices had reached new highs by the end of July, prompting the government to utilize administrative resources. Now, Russian refineries are directing virtually all gasoline volumes to the domestic market....