... maritime gasoline exports rose from 99,000 barrels per day (bpd) in May 2024 to 150,000 bpd in June, with gasoline's share in Russia's total maritime petroleum product exports increasing from 4% to 7%. While fuel oil and diesel continue to dominate Russian petroleum exports, the increased gasoline exports amidst production cuts heighten the risk of shortages in the domestic market. In spring and summer 2024, the Russian fuel market entered another phase of rapid price increases. The cumulative rise in gasoline prices over nine weeks, from May 7 to July 8, reached 2.5%, compared to just 0.8% from March 5 to May 6. Diesel ...

... expenses. This factor becomes particularly pronounced by mid-year, although it is expected that by autumn the effects of the accumulated gap ("shrinkage of the handicap") will ease somewhat. Export Attractiveness. High conditions on external markets make fuel exports more profitable than domestic sales. World prices for oil and petroleum products remained relatively high in 2025, and the exchange rate of the national currency is not as strong as before, increasing ruble revenues from exports. In these circumstances, oil companies are eager to maximize exports, reducing supply to the domestic ...

... more details on the solutions, read the full article. MOSCOW, September 2 - RIA Novosti. Reducing oil producers' costs, including lowering Russian Railways' tariff rates, could lead to the stabilization of fuel prices, Sergey Tereshkin, CEO of the petroleum products marketplace Open Oil Market (a Skolkovo resident), told RIA Novosti. The rise in retail fuel prices continues to slow down. According to Rosstat data, from August 20 to 26, gasoline prices rose by 0.2%, while diesel prices increased by 0.1%. This is lower than a month ...

... wheat, soybeans, and other crops may reflect on agricultural commodity prices in global exchanges. 00:30 (Wed) – API Oil Inventories Report (Week): The American Petroleum Institute will publish unofficial data on weekly changes in commercial oil and petroleum product inventories. Although this report is released late in the evening in Moscow, it can cause volatility in the oil market ahead of the official EIA statistics on Wednesday. Corporate Reporting: Before Market Open: Cardinal Health , Sea Ltd. , Tencent Music . The morning block includes a range of international issuers. Cardinal Health will report on results in the ...

... refundable excise taxes from the budget are also provided for airlines purchasing jet fuel. Subsidy programs are implemented for air transportation to the Far Eastern Federal District," the FAS noted. Natalia Yakovenko, Managing Director for the Petroleum Products Market at SPIMEX, told RIA Novosti that the actual volume of jet fuel sold in August this year is comparable to the same period in 2023. Plans for jet fuel sales in August 2024 are 5.5% higher than the same period last year. "The territorial exchange ...