... lead to a decrease in supply and, consequently, a price increase. Moreover, demand for high-octane fuel is continuously growing with the increasing number of cars with high-performance and turbocharged engines. Sergey Tereshkin, CEO of the OPEN OIL MARKET fuel marketplace, shares a similar view. He specifies that the risks of accelerated price increases will primarily affect the gasoline market, which historically has had a significantly lower surplus of production capacity compared to the diesel market....

... it is impossible to break this vicious cycle without significantly increasing gasoline production, and this requires lifting sanctions on refinery equipment supplies. This is beyond the regulator's control, but it can test new solutions in the diesel fuel market, where there is no shortage and where market incentives can be created to keep prices down. This involves raising the exchange sales quotas. Currently, the norm for diesel fuel is 16%, but if it is raised to at least 35%, more than half of the ...

... gasoline until the end of July 2024. Previously, a six-month export ban on gasoline was introduced starting March 1, 2024, which was temporarily lifted in mid-May. The decision to extend the export will be made considering the current situation in the fuel market, including stock levels and price dynamics. It is noted that the exchange prices for AI-92 and AI-95 gasoline have increased by 29% and 46%, respectively, since the beginning of the year. There is also discussion of a potential full ban on the ...

... the largest gasoline exporters is willing to limit external sales for domestic consumers – highlighting the presence of local fuel imbalances across different regions of the world. A contrasting picture is observed in the U.S. , where the internal fuel market is currently experiencing a period of relative abundance. Thanks to high refining volumes at American refineries and unusually soft summer demand, gasoline prices in the U.S. have dropped to multi-year lows. The national average price of gasoline ...

... to OPEC+’s decision to increase production and signs of weakening demand. European gas storage facilities continue to fill rapidly, now surpassing 71% of total capacity, mitigating fuel shortage risks ahead of the upcoming winter. In the domestic fuel market in Russia , authorities are implementing emergency measures to stabilize fuel prices—on August 1, a complete ban on gasoline exports was enacted to eliminate shortages at gas stations and curb price increases. Additionally, we will examine the ...