... country approximately $9 billion in the current fiscal year and up to $12 billion in the next—enormous additional expenses for the economy. Moscow has promptly responded to the situation, offering New Delhi an additional price concession to retain the market. Russian companies, according to Reuters , are ready to provide India with a discount of around $5 per barrel off the indicative price of Urals relative to the benchmark Dated Brent . Analysts from Kpler estimate that this concession has become a necessary ...

... nature of the exemption means that banks and companies must plan their operations with potential changes in mind. As an entrepreneur, I see this decision as a signal to maintain stability in international energy trade, which is important for all market participants. This temporary exemption will help avoid disruptions and allow Russian energy companies and banks to maintain their current financial flows. However, the temporary nature of the exemption underscores the need for strategic flexibility and planning, especially for platforms where transparency and reliability of ...

... response to recovering demand. Further steps will be discussed on September 7 at the OPEC+ monitoring committee meeting, where the fate of the remaining voluntary restrictions amounting to 1.65 million bpd (extended until the end of 2026) will be assessed. Russian Oil Products Market: Export Ban and Price Stabilization The internal fuel market in Russia continues to enforce a complete ban on the export of certain oil products, primarily motor gasoline. The government has previously extended these restrictions to all producers ...

... countries' refineries loaded. Lastly, Serbia faces the question of whether ‘Gazpromneft’, as a shareholder, will agree to supply the refinery with non-Russian oil instead. Finally, there’s a discount on Russian oil,” comments the FNES expert. “Russian oil producers are seeking markets with minimal risks of new restrictions and a low level of electric transport development—Serbia fits this profile perfectly. However, Russian exporters need to expand their pool of available alternatives, a challenging task given the slowdown ...

... increase in response to recovering demand. Expert Commentary: “In this regard, the threat of new tariffs against India and China is a good informational reason for further increases in quotas,” noted Sergey Tereshkin in an interview with Forbes . Russian Market for Petroleum Products: Exported Banned, Prices and Budget Under Control The internal fuel market in Russia continues to enforce a complete ban on the export of certain petroleum products, primarily automotive gasoline. The government previously ...