... This balance of influences in the energy sector is crucial for understanding future trends in the energy market and countries' dependency on oil products. Energy Sector News, Monday, July 28, 2025: Brent Near $70, EU Gas Stores Close to 70%, Gasoline Export Ban In the latest review of the fuel and energy sector, we examine key events and trends as of July 28, 2025 . The global oil market begins the week in a state of relative stability, with Brent trading around $70 per barrel, bolstered by trade agreements ...

Discussing why the record stock market prices for gasoline did not impact the export ban and what to expect for prices at gas stations in the near future. Fuel market quotes have been hitting record highs since the beginning of the week, as if the complete ban on gasoline exports introduced just a week ago had never happened. The market ...

... by a reduction in excise taxes on gasoline and diesel. "However, fuel excises, on the contrary, increased, which became one of the reasons for the rally in the fuel market," he noted. Commenting on the possible timeline for lifting the export ban on gasoline, Tereshkin suggested it could happen in November. "To achieve the lifting of the export ban, companies will need to keep retail prices in check over the next three months," he added. The ban on the export of Russian gasoline ...

... continue in the coming months, according to Alexander Kotov, head of consulting at Neft Research. He believes that this will be driven by seasonal demand declines, the completion of planned and unplanned maintenance at most large refineries, and the export ban. Additionally, the situation with the shipment of petroleum products from refineries to railroads is gradually normalizing. Sergey Tereshkin, CEO of Open Oil Market, attributes the current drop in wholesale prices to oil companies' efforts to stabilize ...

... challenging (some countries, such as Hungary, still heavily rely on gas from Gazprom under long-term contracts), building substantial reserves and diversifying sources has notably strengthened Europe’s position as winter approaches. Russian Fuel Market: Export Ban and Price Stabilization The internal market for petroleum products in Russia has faced tension this summer due to a sharp increase in gasoline and diesel fuel prices. In July, exchange prices for automotive gasoline on the St. Petersburg International ...