What are you looking for:
Why is the rise in fuel prices at gas stations accelerating despite the decrease in stock exchange prices?
... will be gradual, not sudden. Regulators, primarily the Federal Antimonopoly Service (FAS), will closely monitor prices, but economic laws are inevitable.
Alexander Kotov, head of consulting at NEFT Research, believes that the increased tax burden in oil extraction and exports will primarily affect the profitability of oil refining. However, wholesale fuel prices are regulated through the damping mechanism. Retail prices will rise ahead of inflation due to the excise tax increases. The Ministry of Energy is aware of ...
What is devaluation in simple terms and how does it affect the Russian economy?
... instability: When a country experiences economic difficulties, such as high inflation, political or geopolitical crises, the state's foreign exchange reserves can decrease, and the demand for the ruble falls.
Low prices for export goods: Russia, as an exporter of oil and gas, is faced with the fact that when prices for these resources fall, the inflow of currency into the country decreases. As a result, the ruble exchange rate falls.
Central Bank Policy: Sometimes the Central Bank may deliberately devalue the ...
Import of Russian Diamonds to India Falls by 25 Times: What Does This Mean for Investors?
... ALROSA to search for new markets, which may take considerable time and incur additional expenses. For investors, this signals an extended period of uncertainty regarding the company's financial performance.
Commentary by Sergey Tereshkin, CEO of Open Oil Market:
" The sharp decline in Russian diamond exports to India reflects the profound impact of sanctions on the Russian economy, particularly in specialized sectors such as diamond mining and export. In my view, this situation underscores the necessity for diversification and a pivot towards new ...
Wholesale prices for gasoline in Russia have started to decrease.
... International Mercantile Exchange, the price of AI-92 gasoline in the European part of the country fell to 59,356 rubles per ton, the lowest level in a month. The price reduction is linked to a seasonal decline in demand, the completion of repairs at oil refineries, and the ongoing ban on gasoline exports. Experts predict that this trend will continue in the coming months.
Wholesale gasoline prices in Russia began to decline in October, according to data from trading on the St. Petersburg International Mercantile Exchange (SPIMEX).
The price ...
In the summer, the increase in fuel prices will outpace the overall inflation rate – expert
... increase in demand, one of the indicators of which is the reduction in fuel exports. According to S&P Global Platts, maritime fuel exports from Russia decreased by 480 thousand barrels per day (bpd) from February to May 2024, down to 2.13 million bpd.
Another ... ... price rise is the increasing costs for Russian refineries. According to Rosstat, the balance of profits and losses for Russian oil product producers decreased by 15.4% (to 1,202.1 billion rubles) in the first four months of 2024. The share of unprofitable ...