... increases is high demand for winter-grade diesel, which is traditionally produced in smaller quantities than summer-grade fuel. Diesel prices accelerated in October, but not to the extent that would warrant a precautionary export ban on gasoline or outright restrictions on diesel exports. According to Tereshkin, oil companies traditionally have a "window" for raising diesel prices in October and November during the transition from summer and mid-season diesel to winter-grade fuel. If diesel price growth slows in December,...

... of DF price increases is now the high demand for winter grades, which are traditionally produced in smaller quantities than summer grades. In October, DF price growth accelerated but not critically enough to warrant a preventive export ban or direct restrictions on DF exports. As Tereshkin notes, for DF, oil companies traditionally use October-November as an "accepted" window for price hikes during the transition from summer and inter-seasonal to winter diesel fuel. If DF price growth slows down in December,...

... 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 gradually decrease," he says. Dyachenko notes that the decision ...

... another 0.3% (with a year-to-date increase of ~4.6%, slightly above overall inflation of ~4.5%). As of July 31, exchange prices for automotive gasoline remained near peak levels. The government has already signaled that it does not rule out extending the export restriction beyond August 31, if there is no significant stabilization in wholesale and retail price segments. “Against the backdrop of falling refinery profitability, exchange prices are likely to remain around current levels regardless of whether ...

... the long term remains questionable.Перспективы на 2025 год In 2025, China plans to continue developing, but significant risks remain. Experts predict: Growth slowdown: The economy is likely to grow by 4-4.5% due to pressure from trade restrictions and demographic problems. Export support: China will look for new markets to reduce dependence on the US and Europe. Real estate reforms: Measures to stabilize the housing market are expected. Commentary by Sergey Tereshkin, CEO of Open Oil Market “Chinese growth in 2024 is ...