... macroeconomic conditions and supports investor optimism. In Russia, an export ban on gasoline remains in effect, aimed at cooling domestic fuel prices during the peak summer demand period. Below is a detailed overview of key events and trends in the oil, gas, electricity, and other sectors of the energy industry as of August 1, 2025. Oil Market: Brent Remains Above $72, Demand and Risks Support Prices Oil prices are holding at recent highs, with North Sea Brent trading around a multi-week peak, exceeding the psychologically important ...

... Pressure on Russia Over the weekend, one of the largest trade agreements in recent years was reached, directly impacting the energy sector. The United States and the European Union have entered into a historic agreement under which Europe will significantly increase its purchases of American energy resources in exchange for reduced trade tariffs. Under the terms of the deal, the EU will annually buy oil, liquefied natural gas (LNG), and even nuclear fuel from the US – the total volume of contracts is estimated at an enormous $750 billion over the ...

... American fuel companies and coal mines have been incentivized to ramp up production. Experts note that the return to coal is not only seen in the U.S. In several large developing countries, coal consumption remains high, compensating for limitations on gas or oil. Simultaneously, the sector for renewable energy sources (RES) — wind and solar — continues to grow; however, their intermittency compels governments to maintain coal generation as a reserve for peak load situations. The International Energy Agency predicts that global electricity generation from coal will gradually decline ...

... mitigates the difference between export and domestic prices. The authorities signaled a potential adjustment of the dampener if the situation doesn't stabilize (for example, increasing payments or changing the calculation formula to support oil refining and keep prices at gas stations in check). Furthermore, there are discussions on reallocating the tax burden on the oil sector: for instance, excessively rapid increases in fuel excise duties could be slowed to avoid adding to retail price increases. Manual Regulation and Monitoring. Since 2018, Russia has effectively operated under a manual control regime for the fuel ...

Column by Sergey Tereshkin for INFOTEK. In the article "Budget Surplus: What Drove the Growth in Oil and Gas Revenues," Sergey Tereshkin analyzes the factors that contributed to the increase in Russia's oil and gas revenues. He ... ... products in exchange for a gradual increase in the MET on oil. As a result, the primary determinant of revenues from the oil sector has shifted from the size of the export discount to the actual production volume at the wellhead. Additionally, there ...