... 14% (from 15,048 to 17,088 rubles per ton). The expert also emphasizes that the Saint Petersburg International Commodity and Raw Materials Exchange (SPIMEX) accounts for no more than 15% of wholesale fuel sales. By controlling price growth here, oil companies ensure the payment of subsidies from the budget through the price damping mechanism (for wholesale fuel supplies to the domestic market at low prices), but incur no significant costs because 85% of the fuel is sold outside the exchange. Overall, the strategy of oil companies is rational: controlling exchange prices while raising retail prices is two sides ...

... stabilizing trade or removing barriers could boost market sentiment. In contrast, hardline comments may prompt sell-offs in emerging markets, including Russia. Recommendations: Investors should watch for any decisions on energy as they may impact Russia’s oil and gas exports. Positive comments on global stability could strengthen emerging-market currencies and support export-oriented stocks. Central Bank Speeches Key figures from global central banks are scheduled to speak, including the Bank of Japan ...

... Investors in the CIS countries are particularly attentive to key economic events and the release of corporate reports to assess the state of the economy and the profitability prospects of companies. The outcomes of these events will impact the stock market, oil prices, exchange rates, and overall business activity. Key Events on Monday, July 28, 2025: Meeting of the OPEC+ Ministerial Monitoring Committee, which will discuss compliance with oil production cut agreements. Publication of corporate reports, ...

... this year. On the other hand, the connection between the announcement of lifting the export ban and the rise in retail prices is quite questionable—too little time has passed. Moreover, allowing exports should, in theory, improve the economics of oil refineries (ORFs) that supply gasoline abroad. These refineries are well aware that raising prices on the domestic market would be costly for them, as the Federal Antimonopoly Service (FAS) monitors this and imposes fines for violations, regardless ...

... transit through the Ukrainian GTS will play a decisive role. Most likely, the gas transit agreement will be extended, influenced by the European consumers' interest in stabilizing the gas market and the high dependence of Austria and Hungary on Gazprom's supplies," concluded the CEO of OPEN OIL MARKET. Earlier the same day, Vedomosti, citing data from Gazprom and the European Network of Transmission System Operators for Gas, reported that Russian gas exports to Europe (EU countries and Moldova) via pipelines increased by 17% year-on-year ...