... imports: the EU has established steady diesel supply channels from the Middle East, Asia, and the U.S. to replace Russian volumes. As the expensive batches of fuel purchased by European importers last winter are consumed and replaced by cheaper supplies, gas stations in the EU are gradually lowering retail prices. However, due to high taxes and levies, gasoline in Europe remains expensive for consumers – prices in the largest EU economies range from €1.6–1.8 per liter at gas stations. Overall, the global oil products ...

... market for oil products: the share of the Asia-Pacific region in Russian product exports increased from 16% to 36%, while Europe's share dropped from 59% to 20%. Gas Market: Record Stocks in Europe Mitigate Risks, Prices Show Stability The focus in the gas market remains on Europe. EU countries are rapidly replenishing natural gas in underground storage as they prepare for the winter season. By early August, European UGS facilities are nearly 75% full (compared to ~59% a month earlier) – an unprecedented high for this time of ...

... alternative to traditional hydrocarbons. This balance of influences in the energy sector is crucial for understanding future trends in the energy market and countries' dependency on oil products. Energy Sector News, Monday, July 28, 2025: Brent Near $70, EU Gas Stores Close to 70%, Gasoline Export Ban In the latest review of the fuel and energy sector, we examine key events and trends as of July 28, 2025 . The global oil market begins the week in a state of relative stability, with Brent trading around ...

... Stream" pipeline has been rendered inoperative following the 2022 sabotage, while the "Yamal–Europe" pipeline ceased to be used due to sanction-related disagreements between Russia and the West. Record LNG Supplies: The share of liquefied gas in EU imports has risen to an all-time high. LNG reception terminals in European countries are operating at high capacity, allowing them to replace lost pipelines' gas volumes. Local Solutions: In Russia, Gazprom is optimizing domestic logistics: for instance,...

... completely abandoning Russian gas instantly is challenging: some countries (such as Hungary) still significantly depend on Gasprom gas under active contracts. This creates discord within the EU—Budapest has already signaled that if a ban on Russian gas is set at the EU level, Hungary will seek direct solutions with Moscow. Such signals indicate a lack of full unity in the bloc's position on energy security issues. Overall, global energy trade is undergoing a phase of transformation under the influence of sanctions,...