... 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 ...

... informed "Izvestia" that petroleum products from Belarusian refineries are constantly presented at exchange auctions for supply to Russia. "In the second half of August, there has been an increase in interest in supplies of Belarusian petroleum products to the Russian market. The Belarusian side reacts quickly and seeks to meet the growing demand considering economic efficiency," said the representative of Belarusian refineries. Meanwhile, Natalia Yakovenko, senior managing director for the oil product market ...

... tensions. Against this backdrop, global oil prices have stopped declining and are demonstrating relative stabilization, as market participants assess OPEC+ actions and the risks of secondary sanctions. Russia maintains a strict ban on the export of petroleum products to support its domestic fuel market. Simultaneously, Europe is rapidly accumulating gas reserves ahead of winter, and the global energy sector is witnessing a resurgence in demand for traditional energy resources, such as coal, amid high prices and the need for reliable energy supply....

... the key role these supplies play in energy security. New Delhi has negotiated more favorable terms for itself: Russian companies are forced to offer a further discount on Urals oil (estimated at around $5 to the price of Brent) to retain the Indian market. As a result, India continues to actively purchase Russian oil on favorable terms and is increasing its imports of petroleum products from Russia to meet its growing demand. At the same time, the Indian government is taking steps to reduce dependency on imports in the long term. Prime Minister Narendra Modi announced the launch of a national program for the exploration ...

... energy security — including the introduction of new storage targets and potential restrictions on imports of Russian gas, which are being discussed at the political level. Fuel Market in Russia: Stabilization Measures and Price Reaction The domestic market for petroleum products in Russia is currently experiencing a tense situation due to rising gasoline and diesel prices. In July, exchange prices for automobile gasoline at the Saint Petersburg International Commodity Exchange reached historical highs (the ...