... quickly increasing fuel supply. Novak urged oil companies to maintain sufficient sales volumes in the domestic market and to refrain from purchasing fuel from each other on the exchange since such trades have driven up prices. Previously, during the peak fuel crisis of 2023, the government already prohibited targeted exchange transactions between companies. The Federal Antimonopoly Service, the Ministry of Energy, and the St. Petersburg Exchange are now working on long-term measures that encourage direct contracts ...

... current level is still 10-15% below year-ago figures—a reflection of the market correction following the peaks of the energy crisis in 2022-2023. Investors continue to monitor external economic signals: negotiations between the U.S. and China on trade ... ... Reserve indeed left rates unchanged. Soft monetary conditions combined with the resolution of trade differences could support fuel demand in the latter half of the year. Gas Market: Record Storage for Winter and Relative Price Stability The focus in the ...

... domestic supply. The government assures that it will act proactively: if necessary, export restrictions on oil products will be extended further, and additional resources from reserves will be promptly directed to regions facing shortages. So far, the fuel crisis is being kept at bay: despite record exchange prices, retail prices at gas stations have increased only about 5% since the beginning of the year (in line with inflation). It is crucial to avoid a repeat of last year's situation, when sharp price ...

... heating season. EU countries are rapidly injecting gas into underground storage, and the overall level of their fill has already exceeded 90% of maximum capacity. Such a high volume of reserves provides a strong cushion ahead of winter and prevents fuel prices from rising. Exchange gas prices at the TTF hub remain around 33–34 euros per MWh (approximately $400 per 1000 cubic meters), which is significantly lower than the peak values during the crisis of 2022. Europe has managed to significantly diversify its sources of supply over the past year, increasing imports of liquefied natural gas (LNG) and reducing dependence on pipeline gas from Russia, thereby mitigating the impact of geopolitical ...

... stations within the country. Authorities assure that they will act proactively: if the situation demands, restrictions on oil products exports will be extended again, and fuel from reserves will be promptly directed to the regions. At present, the “fuel crisis” is being managed: despite extreme wholesale prices, retail prices at gas stations have risen by approximately 5% since the beginning of the year, which is close to the overall inflation level. The government intends to prevent a repeat of last ...