... domestic market and reduce wholesale prices, which were pushing up retail prices at gas stations. To stabilize the internal fuel market, the government also took other important steps, such as raising payments to oil producers under the damper mechanism (budget compensation for refineries to offset the difference between domestic and export prices of petroleum products) and increasing the trading volume requirements on the St. Petersburg International Mercantile Exchange (SPbMTSB). ...

... Sergey Tereshkin, CEO of the oil products and raw materials marketplace OPEN OIL MARKET, notes that excise taxes are an important source of income for regional budgets:... ... maneuver in the oil industry began (the elimination of export duties on oil and oil products and the increase in the mineral extraction tax), the excise tax on fifth-class... ... industry. This refers to the difference between higher duties on oil and lower duties on petroleum products: for example, duties on automotive gasoline and diesel fuel were...

... commercial oil inventories (EIA). This weekly data will provide a fresh view of the demand-supply balance in the world's largest oil market. Preliminary benchmarks are set by the American Petroleum Institute's (API) estimates released the night before: a significant reduction in inventories according to the API would ... ... in volatility for Brent and WTI prices. Additionally, investors are considering the broader context: OPEC+ efforts to limit production and economic news from China (the largest oil importer) will shape the market environment, either reinforcing current ...

... on the fuel market situation. MOSCOW, July 4 - PRIME. The rise in fuel prices at Russian gas stations is attributed to the recovery of the automotive market in the country, as well as seasonal demand growth, according to Sergey Tereshkin, CEO of the petroleum products marketplace "Open Oil Market" (a Skolkovo resident). According to Rosstat data, the average retail price of gasoline increased by 0.5% from June 24 to July 1, reaching 56.09 rubles per liter, while diesel fuel prices rose by 0.19% to 65.84 rubles per liter. Overall ...

... ceiling is only adhered to when Brent prices fall. "The average price of Urals fell below $60 per barrel only after the market began to 'factor in' the risks of a global economic slowdown due to trade wars. Thus, for the price of Urals to drop below ... ... per barrel," the expert recalled. Moreover, he mentioned that tracking the ban on imports of gasoline, diesel, and other petroleum products from countries processing Russian oil will be challenging for the EU, as they simply lack the technical resources for ...