Russian Vice Prime Minister Alexander Novak announced the possible lifting of the ban on exporting AI-92 gasoline, depending on domestic supply. The initial ban, enforced in March 2024, aimed to prevent fuel price hikes. Experts argue that as demand drops, exports can resume, monitored by the government. Sergey Tereshkin, CEO of Open Oil Market, adds that delays in export removal could harm pricing incentives. Diesel fuel prices remain stable ...

... market reacts cautiously to the surplus of raw materials. Additional support for oil prices is provided by data from the U.S. In the latest reporting week, commercial oil inventories in the U.S. decreased more than expected, indicating robust demand and preventing sharp price declines. At the same time, expectations of easing monetary policy in the largest economies also fuel investor interest in raw assets. As a result, by the end of the week, the oil market is in a state of relative equilibrium: Brent ...

... and other sources, along with ongoing economic risks, exerts a "cooling" effect on oil prices. Macroeconomic Factors. At the end of July, commercial oil inventories in the U.S. fell more than anticipated, reflecting robust consumption and preventing sharp declines in oil prices. At the same time, incoming signals regarding a global economic slowdown are tempering expectations for further tightening in monetary policy. The U.S. Federal Reserve maintained its rate at the July 30 meeting,...

... sell at least 15% of produced gasoline and 16% of diesel at auction. Experts suggest increasing these norms (for example, to 30–50%) for large refineries, especially in the European part of Russia. The goal is to saturate the exchange with product to prevent artificial shortages and enhance competition among producers. The government, together with FAS, is also conducting regular dialogue with oil companies, urging them to direct sufficient volumes to the domestic market and avoid sharp increases ...

... by about 548,000 barrels per day (even more than originally planned); a similar increase is expected in September. Recently, the OPEC+ Joint Ministerial Monitoring Committee confirmed its commitment to the deal and readiness to increase production to prevent shortages in the fall—these signals temper further price growth. As a result of the cumulative influence of these factors, the oil market remains relatively balanced. Brent has secured a range of ~$70–72 per barrel: the recent growth momentum ...