... experiencing a period of relative abundance. Thanks to high processing volumes at American refineries and atypically weak summer demand, gasoline prices in the U.S. have fallen to their lowest levels in recent years. The national average gasoline price after Independence Day decreased to ~$3.14 per gallon (about $0.83 per liter)—a record low for the summer season since 2021. Analysts note that in August–September, the national average may drop below the psychological mark of $3/gallon, a feat not achieved ...

The European Union is considering replacing Russian LNG with American LNG in its quest for energy independence. How realistic and beneficial is this for Europe? The article discusses the infrastructural, economic and logistical barriers to such a replacement, and also analyzes the risks and prospects for investors in the context of changing energy ...

... two months. This measure aims to saturate the domestic market and halt the increase in prices for motor fuel. Extension and expansion of existing limitations —a temporary restriction on gasoline exports was previously introduced until August 31 (for independent traders who are not producers). Now, consideration is being given to extending the ban to include the oil companies for the specified period. Smoothing exchange volatility —the Ministry of Energy of the Russian Federation, along with the ...

... imports reached 45.3% (€18.8 billion), while oils and petroleum products accounted for 16.1% (€42 billion). This suggests the ambition of the U.S. to increase its share of energy imports from 18% to 67.5%. Tamara Safonova, Director General of the Independent Analytical Agency for the Oil and Gas Sector (“NAANS-MEDIA”), reminded that Europe became the largest oil-importing region last year, purchasing 463 million tons, or 21% of global oil import flows. Additionally, she noted that petroleum ...

... for the insufficient stability of renewable energy sources. Political Support: The Trump administration has rolled back various environmental restrictions and encourages the extraction of fossil fuels, including coal, as part of its drive for energy independence. This has provided fossil fuel sectors with a further impetus for development. Experts emphasize that while the development of renewable energies (wind, solar, etc.) continues to accelerate, a complete immediate shift away from traditional fuels is not feasible. The International Energy Agency predicts that global electricity generation from coal will begin to gradually decline post-2025....