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 ...

... in demand for winter-grade fuels. Earlier, Deputy Prime Minister Alexander Novak mentioned the possibility of lifting the ban on exporting AI-92 gasoline from Russia, but only on the condition of confirmed surplus supplies of this grade at domestic oil refineries (ORs). The export ban on gasoline was introduced in Russia in March of this year primarily as a preventive measure against potential fuel price increases, not only for gasoline but also for diesel fuel (DF). Most of the gasoline produced in Russia is intended for ...

... 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 ...