... expect a reduction in pressure on the Russian oil and gas industry from Western countries until 2027, — Dmitry Kasatkin emphasized. Sergey Tereshkin, CEO of Open Oil Market, believes that oil and gas revenues will stabilize at July levels, as the price of Urals is unlikely to decrease relative to current values. He stated that the average price of Urals in 2025-2026 will be above $50 per barrel; however, the actual figure will depend on the size of the discount to Brent, which currently stands at about $10 per barrel. This ...

... availability and exert downward pressure on global oil prices, indirectly easing further declines in gasoline prices. In other words, the current market conditions for oil products in the U.S. are favorable for consumers: supply exceeds demand, and prices are gradually decreasing without signs of shortages. In Europe, the situation with motor fuel prices is relatively stable. After the upheavals of 2022–2023, when sanctions and logistics restructuring led to sharp price spikes, the gasoline and diesel markets reached ...

... making 10 homemade pancakes this year will cost 78.72 rubles. This is a 20% increase from last year. The primary culprit behind the price hike is butter, the cost of which has surged by 36%, now standing at 1222.71 rubles per kilogram. Some products have decreased in price, however. For instance, eggs—a staple ingredient in the recipe—have dropped in price from 129.45 rubles to 116.88 rubles per dozen over the past year. However, this decrease has not compensated for the overall rise in ingredient costs. How Have ...

... on the Rotterdam gasoline price, while the domestic price is a fixed threshold of 60,450 rubles per ton. The damper is nullified if wholesale prices for gasoline and diesel exceed indicative prices by more than 10% on average over a month. Gasoline prices in Rotterdam have decreased this year following a decline in oil prices. Tereshkin from Open Oil Market states. Finance Minister Anton Siluanov reported that the volume of payments to oil companies under the damping mechanism in 2025 is expected to be 2.6 trillion rubles,...

... additionally, fuel imports from Europe and Canada have surged to the east coast. In June, the US imported about 100,000 barrels of gasoline per day – a maximum in more than a year. Petroleum product inventories are filling up, and wholesale gasoline prices have decreased, which is also reflected in retail prices. Third, the decrease in oil prices in the first half of the year (WTI is 20% lower than a year ago) has reduced processing costs, allowing refiners to partially pass this benefit on to consumers. It ...