... rubles per liter. The overall weekly inflation rate in the country was also 0.19%. "The increase in gasoline prices over the remaining two months of the year will be less significant than in the summer when weekly growth rates reached up to 0.6%. Oil companies will hold back prices to achieve the lifting of the export ban," Tereshkin told the agency. One of the current drivers of rising gasoline prices, according to the expert, is the oil companies' costs due to forced downtime at refineries. "The profit and loss balance of Russian refineries over ...

... increased by 8%, reaching 2.16 million barrels per day (bpd). However, this is still 520,000 bpd lower than in January 2024 (2.68 million bpd). This gap cannot be explained solely by the gasoline export ban, as prior to the ban, the volume of gasoline exports was under 150,000 bpd. Oil and petroleum product loading on Russia's rail network in the first nine months of 2024 decreased by 0.7% compared to the same period in 2023, to 155.6 million tons. The volume of crude oil deliveries to refineries, which decreased by 3.5% in the ...

Sergey Tereshkin's Commentary for "Rossiyskaya Gazeta" In the article, Sergey Tereshkin analyzes why the ban on gasoline exports introduced in Russia in August 2024 did not lead to a decrease in fuel prices at gas stations. Despite the export restrictions, prices continued to rise due to several factors, including scheduled refinery maintenance, an increase in the key interest rate, and fluctuations in the ruble exchange rate. The impact of international oil prices and seasonal factors also play a role in price changes. Experts predict that gasoline price growth will outpace inflation in 2024, especially for premium fuel grades. Retail gasoline prices have been outpacing inflation significantly for the ...

... the introduction of the anti-Iranian embargo) and in 2022-2023 against the backdrop of sanctions on Russia and a series of conflicts in the Middle East," added Tereshkin. However, despite the embargo, Iran is already steadily increasing its oil production and exports, said the CEO of "Open Oil Market." In 2023, oil production stood at 2.87 million barrels per day, and by the first half of this year, it had reached 3.25 million barrels per day. "For comparison: a year before the introduction ...

... tighter monetary policy from the Fed. 04:45 MSK: China - Caixin Services and Composite PMI for November The indicators will reflect the state of the services sector and the economy as a whole. Strong data will support demand for commodities, including oil and metals, positively impacting Russian exports. 08:00 MSK: India - Services and Composite PMI for November India's PMI will show how actively one of the key sectors of the economy is developing. High readings will strengthen the rupee and support investor interest in the Indian market. 09:00 ...