... African nations), the high cost of imported fuel creates tension—governments are forced to subsidize gasoline for the population to avoid social discontent. Meanwhile, in the Middle East and India, refining is booming: local refineries, oriented towards exporting diesel and jet fuel, are operating at maximum capacity, saturating the global market with oil products. On the other hand, structural changes in the industry—such as the closure of several outdated refineries in Western Europe and the U.S. (including the decommissioning ...

... trade negotiations and coordinated actions by producers. European gas storage facilities continue to fill at record rates, reducing risks for the upcoming winter. In the Russian domestic market, emergency measures are being implemented to stabilize fuel prices: a complete ban on gasoline exports is being discussed, and the causes of the fuel shortage are being investigated. Additionally, we will explore the coal industry, the rapid development of renewable energy sources (RES), changes in the electricity sector, and geopolitical factors ...

... conditions. In this article, we will analyze current trends, their impact on the energy sector, and potential forecasts for the future. Energy Market News – Tuesday, July 29, 2025: Brent Around $70 Amid US-EU Deal, European Gas Stocks Increase, Fuel Export Ban in Russia At the beginning of the week, the global fuel and energy sector is showing signs of stabilization and cautious optimism. Brent crude prices have stabilized around $70 per barrel following a significant trade agreement between the ...

..., companies will need to keep retail prices in check over the next three months," he added. The ban on the export of Russian gasoline was reinstated on August 1. It is expected to remain in effect during September and October. Meanwhile, the export ban on diesel fuel, according to Pavel Sorokin, first deputy head of the Ministry of Energy, is not required. Translated using ChatGPT Sourse: https://1prime.ru/20240801/toplivo-850595067.html

... between higher duties on oil and lower duties on petroleum products: for example, duties on automotive gasoline and diesel fuel were 30% of the duty on oil. The difference in duty levels stimulated the export of oil products (mazut, gasoline, diesel fuel) instead of the export of crude oil. Oil companies refined more expensive oil into cheaper mazut and then exported it, leading to losses in budget revenue from export duties. Since 2017, duties on mazut have been aligned with those on oil. This was intended to stimulate ...