... most large refineries, and the export ban. Additionally, the situation with the shipment of petroleum products from refineries to railroads is gradually normalizing. Sergey Tereshkin, CEO of Open Oil Market, attributes the current drop in wholesale prices to oil companies' efforts to stabilize retail prices and lift the export ban on gasoline. He notes that up to 20-25% of all gasoline produced in Russia is currently traded on the SPIMEX. The exchange's regulatory minimum for refinery trading is 15% of gasoline ...

... subsidy, but at the same time, excise tax rates have significantly increased, Tereshkin clarifies. At the same time, some experts believe that the stimulation of oil refining continued through the operation of the damping mechanism—a compensation for oil companies from the budget covering part of the price difference between the European and Russian markets. The damping mechanism has been operating in the Russian market since 2019. Translated using ChatGPT Sourse: https://rg.ru/2024/07/16/eksperty-ocenili-vliianie-podorozhaniia-akcizov-na-toplivo-na-ceny-na-azs....

... for January-July of this year, which was 9,300 rubles and 11,400 rubles per ton, respectively. Will the Gasoline Export Ban Be Extended in the Fall? Retail price growth is expected to slow somewhat in August, believes Tereshkin. He believes that oil producers will hold back prices to expedite the lifting of the export ban. "However, the restrictions are likely to remain in place in September, and their removal should be expected only as the cold season approaches, when demand for fuel in passenger vehicles starts to ...

Tereshkin: The average price of Brent oil in 2024 will be slightly below $80 per barrel (Prime news agency). Analysts forecast the average price of Brent oil in 2024 to be around $85 per barrel. What factors will influence the market? How will supply and demand change? And what does this ...

... gasoline and diesel. Most gasoline in Russia is allocated for domestic use, with only about 15% exported, while around half of diesel is sent abroad. The ban was briefly lifted in May but reinstated in August after a price surge due to seasonal demand and oil price hikes. According to Dmitry Gusev, Deputy Chairman of the Supervisory Board of the “Reliable Partner” association and member of the "Russia's Gas Stations" contest advisory board, reopening gasoline exports is justified due to the end ...