... in extraction must make considerable efforts to rectify the situation and regain consumer trust in their products. This may take years or even decades. Meanwhile, the industry is not stagnant. Many sectors are seeking to replace oil with alternative fuels. For instance, this applies to the automotive industry, with factories increasingly shifting to the production of electric vehicles. This will lead to a decline in demand for petroleum products and, consequently, crude oil, which will guarantee a decrease in fuel prices. The situation ...

... remaining a vital component of energy supply. Oil Products and Refining: Market Contrasts and Stabilization Measures Oil product markets around the world are developing differently. In Russia, authorities recently took an unprecedented step to stabilize fuel prices. From August 1, a temporary full ban on the export of automotive gasoline for all companies, including large refineries, took effect, lasting until August 31, 2025. This emergency measure aims to prevent fuel shortages in the domestic market and lower soaring gasoline prices during the peak summer demand ...

... components. The company's existing capacities are sufficient to supply the market with enough MTBE. During periods of low demand for automotive gasoline, a persistent surplus of MTBE may occur in Russia," said the company. They also emphasized that the ... ... are also actively increasing their output. Regarding the cost of MTBE, it is determined by the macroeconomic indicators of the fuel market in Russia. The spot price of MTBE in 2023 decreased by almost 10% compared to 2022, and in 2024, there has been a ...

... tariffs against India and China is a good informational reason for further increases in quotas,” noted Sergey Tereshkin in an interview with Forbes . Russian Market for Petroleum Products: Exported Banned, Prices and Budget Under Control The internal fuel market in Russia continues to enforce a complete ban on the export of certain petroleum products, primarily automotive gasoline. The government previously extended the restrictions to all producers and traders: from the end of July until August 31, 2025, the export of gasoline from the country is prohibited. This emergency measure aims to saturate the domestic ...

... beyond export bans or reconsideration of the damping payment rules (compensations from the budget to oil companies for supplying fuel to the domestic market at prices lower than exports). Companies and regulators find themselves in a closed loop. On one hand,... ... distances the resolution of the price growth problem, which car owners face regardless of oil prices, inflation dynamics, or the automotive market situation. As Gusev notes, it is not entirely clear why gasoline is expected to lag behind the inflation growth ...