... rubles per ton. By August 6, the price for this grade had risen to 78,816 rubles per ton. The AI-92 brand is currently trading at a more modest 67,620 rubles per ton. The peak of 70,446 rubles per ton, reached in September 2023 at the height of the fuel crisis, remains unbroken. However, the issue is that the subsidies for oil companies from the budget—based on providing fuel to the domestic market at prices below export levels (damping mechanism)—are defined by the AI-92 grade. Under current regulations,...

... Sector: Europe Accumulates Reserves Ahead of Winter The European gas market is approaching the autumn-winter period with strong fuel reserves and diversified supply routes. As of early August, underground gas storage (UGS) facilities in the EU are filled ... ... summer quotations at the TTF hub are holding in the $320–350 per thousand cubic meters range, significantly lower than the crisis peaks of 2022. The energy map of Europe has changed significantly in recent years. Supplies of Russian pipeline gas through ...

... suppliers to India from the Middle East redirected most oil volumes to the European market following the onset of the Ukrainian crisis, compelling New Delhi to seek alternative sources. The Indian side emphasized that approximately 40% of its total oil imports ... ... India’s key priority is to ensure affordable energy prices for its population and economy. Purchasing Russian oil helps curb fuel price increases in the domestic market. The West trades with Russia: In New Delhi, it was reminded that EU countries still ...

... will not reduce imports of Russian crude, which is vital for the country's energy security. After the onset of the Ukrainian crisis, traditional Middle Eastern suppliers to India pivoted their oil to the European market, prompting New Delhi to seek new ... ... even after the implementation of American tariffs. National Interests Above All: India's key priority is to ensure affordable fuel prices for the population and the economy. Importing oil from Russia helps keep gasoline and diesel prices in check on the ...

... announcement to reinstate the ban, they resumed their upward trend when the ban was implemented last week. The price surge began in May, with the largest increase observed in AI-95 gasoline. Its prices have approached levels last seen during last autumn's fuel crisis. Since the export ban's reinstatement was announced on July 23, AI-95 prices have fallen by just 1,000 rubles to 74,047 rubles per ton. This remains a very high level. In comparison, AI-92 prices have dropped by 3,000 rubles to 54,720 rubles ...