... regulators' interpretations. Hence, Bessent's thesis on the necessity for "greater coordination on secondary sanctions" to unify approaches and reduce regulatory arbitrage arises. Discount Economics and Margins Raw Material Discount: Russian oil is sold at a differential to Brent/Dubai, covering long logistics. GRM of Indian Refineries: The spread between the cost of barrels and product prices remains attractive. European Diesel Shortage: Sustains premiums for middle distillates and demand for imports. The result is a stable "circle economy": India achieves high ...

... December 31, 2024. Initially introduced in March for a six-month period, the ban was suspended between May and July but has now been extended again to ensure stability in the fuel market during the period of increased seasonal demand and planned repairs at oil refineries. The restriction does not apply to supplies within the framework of international intergovernmental agreements, or fuel exported for personal use or humanitarian assistance. The six-month ban on gasoline exports came into effect in March, ...

... second consecutive year in spring, notes Alexander Frolov, Deputy Director General of the National Energy Institute and Editor-in-Chief of the industry media outlet "InfoTEK." Last March, they also reported on record purchases of American oil by Indian refineries instead of Russian. The reality is far from this. In reality, India started importing American oil back in 2015 when the U.S. lifted a long-standing ban on oil exports. However, over a decade of cooperation with Indian refineries, American ...

... as early as September. We analyze the reasons and possible consequences for the fuel market. In September, Russia is expected to experience a sustainable surplus of gasoline volumes in the domestic market, facilitated by the completion of repairs at oil refineries. This information was disclosed during a meeting with Deputy Prime Minister Alexander Novak, where measures to stabilize the fuel market were discussed, as reported by a source from Izvestia. As a result of the discussions, regional leaders ...

... recorded. The International Energy Agency (IEA) forecasts that the average daily consumption of diesel and gas oil will amount to 28.3 million barrels per day (bpd) by the end of this year, representing a 0.9% decrease compared to 2023. Meanwhile, new oil refineries (ORs) have been launched in Africa, Latin America, and the Middle East, further increasing the supply of diesel against the backdrop of falling demand. Russia is one of the largest suppliers of diesel fuel on the global market. For Russian ...