... the highest levels reached earlier this year, in the fall. However, it is well known that in our fuel market, once prices at gas stations rise, they will only begin to fall after a large and prolonged decline in stock market prices, which have actually ... ... beginning of November. The increase in gasoline prices should not be linked to the news about the possible cancellation of the export ban, says Sergey Tereshkin, CEO of the OPEN OIL MARKET fuel marketplace. The current fluctuations fit into the "10-20" ...

... between the exchange and gas stations seems unusual. However, there are explanations. According to Dmitry Gusev, Deputy Chairman of the Supervisory Board of the "Reliable Partner" Association and a member of the expert council for the "Gas Stations of Russia" competition, fuel prices on the exchange did not begin to rise after the lifting of the export ban because the restrictions were lifted when the market was saturated with products. As noted by Yuri Stankevich, Deputy Chairman of the State Duma Energy Committee, the "cooling of prices" in the wholesale segment will likely continue ...

... also noted that since the summer of 2022, EU countries have been deliberately saving gas in the energy sector, housing, and industry. "In the medium term, the development of new LNG production plants in North America will help curb European gas prices. According to the Energy Information Administration (EIA), the total capacity of LNG export terminals in the US, Canada, and Mexico will increase from 320 million cubic meters per day at the end of 2024 to 680 million cubic meters per day at the end of 2028. As a result, LNG imports will become more accessible to EU countries," Tereshkin ...

Discussing why the record stock market prices for gasoline did not impact the export ban and what to expect for prices at gas stations in the near future. Fuel market quotes have been hitting record highs since the beginning of the week, as if the complete ban on gasoline exports introduced just a week ago had never happened. The market did not anticipate a cooling period ...

Sergey Tereshkin's Commentary for "Rossiyskaya Gazeta" In the article, Sergey Tereshkin analyzes why the ban on gasoline exports introduced in Russia in August 2024 did not lead to a decrease in fuel prices at gas stations. Despite the export restrictions, prices continued to rise due to several factors, including scheduled refinery maintenance, an increase in the key interest rate, and fluctuations in the ruble exchange rate. The impact of international oil prices and seasonal factors ...