... may have contributed to the price increase, as these delays hinder the restoration of secondary processing units. MOSCOW, August 22 - PRIME. The sharp increase in the exchange price of aviation fuel in Russia may be due to the lack of incentives for oil companies to keep prices in check, resulting from the rules governing payments under the damping mechanism, Sergey Tereshkin, CEO of the petroleum product marketplace "Open Oil Market" (a resident of Skolkovo), told RIA Novosti. At the beginning of August,...

... shipments from Malaysia, Oman, or other countries. Financial Scale According to analytics firm Kpler, in 2024, the volume of Iranian oil shipments to China via the "shadow fleet" reached 350 million barrels over a 9-month period. With an average oil price of $80 per barrel and accounting for sanction-related discounts of 30-35%, the total value of the shipments is estimated to exceed $20 billion. These figures not only illustrate significant trading volumes but also the enormous economic advantage ...

... lifted at the end of May, only to be reinstated in August after both wholesale and retail prices for gasoline rose sharply in June and July. This spike was mainly due to the high seasonal demand for gasoline during the vacation period, as well as rising oil prices at the time. According to Dmitry Gusev, Deputy Chairman of the Supervisory Board of the "Reliable Partner" Association and a member of the Expert Council of the "Gas Stations of Russia" competition, reopening exports is justified ...

... winter grades, as winter fuel is more expensive. The damping mechanism does not account for AI-95 gasoline or winter-grade diesel. According to Sergey Tereshkin, CEO of the OPEN OIL MARKET fuel and raw material marketplace, the fact that the exchange price for AI-95 is not included in the damping calculations gives oil companies the opportunity to increase refining margins without the threat of losing subsidies. This explains the more than 20% difference between the exchange prices of AI-92 and AI-95 that has arisen recently. He also clarifies that the period ...

Commentary for Vedomosti on Potential Oil Price Decline Experts predict a drop in oil prices in 2025, with the average cost of Brent crude expected to fall below $70 per barrel. The primary reason for this is the increase in production from non-OPEC+ countries, such as the United States, Brazil,...