... oil companies have incurred significant costs in recent months due to the forced downtime of several refineries also plays a role. This is indirectly evidenced by the dynamics of oil product exports. According to S&P Global Platts, Russia’s seaborne exports of oil products dropped from 2.69 million barrels per day (b/d) in January 2024 to 2.13 million b/d in June 2024. Exports only began recovering last month. In July 2024, the volume of seaborne exports to foreign markets increased by 140,000 b/d to 2.27 ...

... Anti-Monopoly Service supports the diesel export ban. Vedomosti sent inquiries to the above-mentioned ministries and the office of Deputy Prime Minister Alexander Novak, who oversees the energy sector. According to Sergey Tereshkin, CEO of Open Oil Market, the diesel export ban discussion is primarily due to the fact that the price increase for this type of fuel has exceeded overall inflation. According to Rosstat data, the annual price increase for diesel by May 2024 was 11.6%, while the overall inflation rate was ...

... situation of oversupply. Second, some volumes purchased by companies in mid or late September have yet to be delivered, and producers are extending contracts. While this issue may be related to logistics, Dyachenko acknowledges that fully lifting the export ban could exacerbate it. "Now, any volume being shipped to oil depots is being purchased while still in transit. So, not only have volumes decreased on the exchange, but also on-site," the expert explains. Additionally, at some supply points, prices for the goods have not fallen even with the resumption ...

... meters—from 168 billion cubic meters in 2023 to 133 billion in 2024. U.S. exports also declined—from 76 billion cubic meters in 2023 to 61 billion cubic meters in 2024. The expert emphasized that despite the U.S. positioning itself as the largest net exporter of oil, it continues to import significant volumes, primarily from Canada. Total oil imports for 2024 are expected to reach 329 million tons, with exports at 198 million tons. Impact of the Agreement on the U.S. According to Valery Andrianov, an associate ...

... of exports also stabilizes the influx of foreign currency revenue into Russia's budget. Impact on Investors: For investors, Transneft represents a stable investment with long-term prospects. The company maintains a significant volume of revenue from oil exports, and its infrastructural and environmental investments help mitigate risks and enhance business resilience. These measures contribute to the stable growth of stock value and instill confidence in future profitability potential.