... that the situation with fuel production in Russia was stable, with the expected resumption of two refineries focused on producing AI-95 gasoline. In early August, the Ministry again reported sufficient supply and noted that gasoline shipments to the domestic market were 5% higher than last year, while diesel shipments were 8% higher. According to Reuters, in the first half of 2024, Russian refineries reduced oil refining by 4% compared to the same period last year, to 131.8 million tons. According to SPIMEX ...

... growth, with Brent crude stabilizing around $70 per barrel amid optimism in 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 ...

... politically, the EU is discussing potential new restrictions on the import of Russian gas, reflecting a desire to finally reduce dependence on supplies from the Russian Federation. Russian Fuel Market: Export Ban and Price Stabilization Measures The domestic market for petroleum products in Russia faced a tense situation this summer due to a rapid increase in gasoline and diesel fuel prices. In July, exchange prices for automotive gasoline on the St. Petersburg International Commodity Exchange reached historical ...

... exports. If the alternative export price significantly exceeds the baseline indicative price, budget payments to oil companies are reduced, decreasing the incentive to send fuel to the external market. This approach motivates producers to saturate the domestic market. Simultaneously, there are plans to raise mandatory sales norms for fuel on the exchange (above the current 15% of production volume for gasoline) to increase the supply in the exchange segment and mitigate the frenzy. The market has already responded ...

... airports are sufficient. "The key reason for the increase in jet fuel prices is that subsidies for this type of fuel are paid to airlines, not fuel producers," the agency's source said. The damping mechanism was designed to restrain domestic fuel prices. In the case of the automotive fuel market, if the export price of gasoline and diesel exceeds the conditional domestic price, the state compensates companies for part of this difference to prevent price increases in Russia. "In aviation, the damping mechanism only compensates airlines ...