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An expert explained the sharp increase in the market value of aviation fuel in Russia
... Containing Jet Fuel Prices Due to Compensatory Payments (Prime News Agency)
In August 2024, the price of jet fuel on the Saint Petersburg International Mercantile Exchange reached a record 84,879 rubles per ton. Sergey Teryoshkin, General Director of the petroleum products marketplace "Open Oil Market," explained this surge by citing the lack of incentives for oil companies to restrain jet fuel prices due to the specifics of the damping mechanism. Unlike automotive fuel, where the government compensates ...
The Harshest Package: What the New EU Sanctions Mean for Russia
... “shadow” fleet. As a result, the number of tankers prohibited from entering EU ports and deprived of a wide range of maritime services will reach 444, as stated in the EU Council's release.
"Moreover, the EU is introducing a ban on the import of petroleum products made from Russian oil and arriving from any third country, except for Canada, Norway, Switzerland, the United Kingdom, and the United States, thereby obstructing the entry of Russian oil into the EU market through back channels," the release ...
Energy Sector News, Saturday, July 26, 2025: Brent Around $70, Record Gas Supplies, Market Reaction to Gasoline Export Ban
... negotiations and coordinated actions by producers. European gas storage facilities continue to fill at record rates, reducing risks for the upcoming winter. In the domestic market of Russia, emergency measures are being implemented to stabilize prices for petroleum products: a complete ban on gasoline exports is being discussed and the causes of the fuel shortage are under investigation. Additionally, we will examine the situation in the coal industry, the rapid development of renewable energy (RES), changes in ...
What caused the outpacing increase in the price of AI-98 gasoline
... by October 21, 2024, increased by 6.8%, and for AI-95 by 7.3%, while prices for AI-98 surged by 16.5%.
One reason for this accelerated growth could be the shortage of high-octane fuels. Supporting this theory is the fact that the total output of petroleum products in Russia fell by 2.4% year-over-year in the first nine months of 2024. As of the time Rosstat closed its weekly fuel production statistics, automotive gasoline production in Russia had decreased to 106,000 tons per day (Rosstat data for the ...
Oil Flood of Russian Railways: Tank Cargo Owners Gain Government Support in the Battle for Priority Access to Railroads
... Railways" discusses the Russian government's decision to postpone the implementation of the Non-Discriminatory Access Rules (NDA) until December 31, 2024. Initially, these rules were scheduled to come into effect on September 1, 2024. This decision allows petroleum products to retain priority in railway transportation, which is particularly important given the ban on gasoline exports introduced in August 2024 and extended through September and October. Experts note that this measure supports the profitability of ...