... large refineries achieve a good yield of various petroleum products, including diesel fuel. A significant portion of these petroleum products is exported by Indians to external markets, including to the U.S. and the EU. In some cases, Indian petroleum products made from Russian oil have even replaced Russian products in the European market," says Igor Yushkov, an expert at the Financial University under the Government of the Russian Federation and the National Energy Security Fund (FNEB). India does buy the ultra-light ...

... redistribution of oil flows and additional supply risks. However, the price increase remains tempered. One reason is the actions of OPEC+, which have already been accounted for in prices. The alliance of oil-producing countries previously agreed to increase oil production starting in September, and these additional volumes are moderately cooling the market. Concerns regarding a slowdown in the global economy and weak demand dynamics in China are also preventing prices from surging sharply. Several analytical ...

... prices, while weak trade data may raise concerns about the global economy. Eurozone Industrial Production: As a key indicator of economic health in the region, Eurozone industrial production data can influence the euro and European stock markets. Strong production supports the region’s economy, while a decline may indicate broader challenges. U.S. Oil Inventories: The EIA’s report on oil inventories impacts oil prices, with high inventories potentially weighing on prices and low inventories supporting the energy sector. Impact on U.S. and European Markets U.S. Market: Investors will closely watch ...

... occurring against the backdrop of an improving refining picture. Spring maintenance at refineries has been completed, and gasoline and diesel output is at seasonally high levels. An additional factor has been OPEC+’s policy: the cartel's increase in oil production in August enhances commodity availability and exerts downward pressure on global prices, which also indirectly contributes to lower gasoline prices. Thus, the American petroleum products market is currently experiencing a period favorable for ...

... geopolitical risks; thus, their influence on prices remains limited. Experts expect OPEC+ to continue flexibly managing quotas, especially if external factors (sanctions, recession, emergencies) begin to significantly impact the oil market. Russian Oil Product Market: Record Gasoline Prices and Government Response The domestic fuel market in Russia faces unprecedented price increases despite previously taken measures. Since late July, a full ban on the export of gasoline and several other petroleum ...