Expert Tereshkin: Russia's Oil Exports to Increase by Over 10% by Year-End (Izvestia) An expert predicts that Russia's oil exports will increase by more than 10% by the end of the year. The reduction in gasoline exports, effective from August to December 2024, may lead to a redirection ...

... was reinstated until the end of December "to maintain a stable situation in the fuel market during the ongoing seasonal demand and the scheduled repairs taking place at refineries." In November, the government lifted the ban on gasoline exports for oil product producers, while for other suppliers the measure was extended until the end of January 2025. In March of last year, the ban on diesel fuel exports imposed in September 2023 expired. In February, the government again introduced a ban on ...

... Reduced government support (subsidies) and planted price controls pressure margins. To maintain profitability, companies must seek balance between the domestic market and exports. Many are forced to reduce refining volumes or redirect more oil to crude oil exports, which may create risks for meeting domestic fuel demand in the long term. Fuel Companies and Distribution Networks: For gas station operators and fuel distributors, rapidly rising wholesale prices represent a challenge. Retail margins shrink ...

... about $50 per barrel by 2026. However, the future dynamics will depend on OPEC+ actions and the overall state of the global economy. Meanwhile, relatively low prices are helping to curb inflation in importing countries, although they reduce revenues for oil exporters. Gas Market: Europe Pre-fills Storage and Maintains Low Prices In the gas market, the primary focus is on Europe, which is confidently preparing for the winter period. EU countries are swiftly filling underground gas storage: by the end of August,...

... throughout the week and would make a decision on the introduction of a complete ban on gasoline exports based on that. Currently, exports are only prohibited for non-producers (oil depots, traders). Oil refineries (refineries), which are largely owned by oil companies, have the right to export gasoline. Judging by the dynamics of exchange quotations, a complete ban is imminent. However, as has been emphasized multiple times, this measure is extreme and indicates that the market is operating under "manual regulation." The reasons ...