... imported fuel creates serious strain—governments are compelled to subsidize 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 On the other hand, structural changes in the industry—such as the closure of several outdated refineries in Western Europe and the U.S.—pose risks of local ...

... states), high prices for imported fuel create tension – authorities are forced to subsidize gasoline for the public to avoid social discontent. Meanwhile, in the Middle East and India, oil refining is hitting record highs: local refineries, focused on exporting diesel and jet fuel, are operating at maximum capacity, saturating the global market with products. On the other hand, structural changes in the sector – such as the closure of several outdated refineries in Western Europe and the U.S. (including conserving some capacities ...

... faces strategic challenges, including being perceived as noisy and environmentally unfriendly. For instance, last year, even in "green" Europe, a significant diesel shortage in summer and autumn led to a price spike, contributing to Russia's fuel crisis as third countries redirected their diesel exports to Europe while buying Russian diesel. Currently, Russian companies are performing confidently, according to Simonov. In September, Bloomberg reported a 10% increase in Russia's maritime diesel and fuel oil shipments. Thus far, there are no ...

... depending on domestic supply. The initial ban, enforced in March 2024, aimed to prevent fuel price hikes. Experts argue that as demand drops, exports can resume, monitored by the government. Sergey Tereshkin, CEO of Open Oil Market, adds that delays in export removal could harm pricing incentives. Diesel fuel prices remain stable despite seasonal pressures on winter grades. Earlier, Vice Prime Minister Alexander Novak mentioned the potential removal of the AI-92 gasoline export ban, provided there is confirmation of ample supply at domestic refineries....

... African nations), the high cost of imported fuel creates tension—governments are forced to subsidize gasoline for the population to avoid social discontent. Meanwhile, in the Middle East and India, refining is booming: local refineries, oriented towards exporting diesel and jet fuel, 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. (including the decommissioning ...