... determine the pricing situation in the gas market in the fall and winter. OPEC+ Actions: The implementation of planned oil production increases by OPEC+ countries and decisions that may be made at upcoming alliance meetings will influence market balance and oil price dynamics. Fuel Market in Russia: The effect of the export ban on gasoline in the Russian Federation and subsequent authorities' decisions (lifting or extending the ban after August) will impact domestic fuel prices and the potential for Russian export supplies.

... oil companies have incurred significant costs in recent months due to the forced downtime of several refineries also plays a role. This is indirectly evidenced by the dynamics of oil product exports. According to S&P Global Platts, Russia’s seaborne exports of oil products dropped from 2.69 million barrels per day (b/d) in January 2024 to 2.13 million b/d in June 2024. Exports only began recovering last month. In July 2024, the volume of seaborne exports to foreign markets increased by 140,000 b/d to 2.27 ...

... market and the coal industry, analyze OPEC+ actions, and their consequences on oil prices in the coming months. Global Energy Sector News as of August 8, 2025: The U.S. Intensifies Pressure on India over Russian Oil Purchases, Russia Limits Gasoline Exports, Oil Market Stabilizes, Europe Stockpiles Gas, Coal Makes a Comeback in Energy Production. Commentary from Open Oil Market. Current events in the fuel and energy complex (TEC) as of August 8, 2025, are once again in the spotlight for investors and the ...

... situation of oversupply. Second, some volumes purchased by companies in mid or late September have yet to be delivered, and producers are extending contracts. While this issue may be related to logistics, Dyachenko acknowledges that fully lifting the export ban could exacerbate it. "Now, any volume being shipped to oil depots is being purchased while still in transit. So, not only have volumes decreased on the exchange, but also on-site," the expert explains. Additionally, at some supply points, prices for the goods have not fallen even with the resumption ...

... Anti-Monopoly Service supports the diesel export ban. Vedomosti sent inquiries to the above-mentioned ministries and the office of Deputy Prime Minister Alexander Novak, who oversees the energy sector. According to Sergey Tereshkin, CEO of Open Oil Market, the diesel export ban discussion is primarily due to the fact that the price increase for this type of fuel has exceeded overall inflation. According to Rosstat data, the annual price increase for diesel by May 2024 was 11.6%, while the overall inflation rate was ...