... elimination of export duties on oil and petroleum products were supposed to be complemented by a reduction in excise taxes on gasoline and diesel. "However, fuel excises, on the contrary, increased, which became one of the reasons for the rally in the fuel market," he noted. Commenting on the possible timeline for lifting the export ban on gasoline, Tereshkin suggested it could happen in November. "To achieve the lifting of the export ban, companies will need to keep retail prices in check ...

... geopolitical tension, global oil prices have decreased, while fuel companies assess production prospects under the OPEC+ agreement. Russia continues to impose restrictions on the export of refined oil products to maintain stability in the domestic fuel market. Meanwhile, Europe is ramping up gas reserves in preparation for winter, and a return to coal has been observed in the global energy sector amid rising prices and demand. Below are the details of these and other key news from the commodity and ...

... consumers to solve a wide range of business tasks. How Digital Solutions Help Market Participants Currently, several online platforms for fuel trade are available, such as "Webneft" by Gazprom Neft, "Fuel Portal" by Tatneft, or FUEL MARKET by DECO. These are essentially e-commerce sites for companies offering their own fuel or logistics and credit services. However, there is also an independent project that brings together any suppliers and offers a selection of products, credit ...

... valued at over $1 million. Then came other projects, and I faced disappointments when I lost all my money due to dishonest partners. Later, I decided that in our resource-based country, the most promising area is working with raw materials. I joined a fuel company to get a better understanding of the industry and the market. In 2014, I left it and, together with my current business partner, founded "Oil Resource Group." We saw our task as introducing new business solutions to the traditional Russian market. The implementation of digital technologies has ...

... calm. However, record gas supplies in Europe raise questions about future demand. Additionally, Russia is implementing restrictions on gasoline exports, casting doubt on the global availability of this vital resource. How are these events affecting the fuel market and the energy sector as a whole? In our latest material, we analyze current trends, price changes, and potential consequences for the global economy. Energy Sector News, Saturday, July 26, 2025: Brent Approaches $70, Record Gas Supplies, Market ...