... are under maintenance, oil products must be transported from neighboring refineries. These products are delivered by rail. Such interchangeability of refineries is only possible with the efficient operation of Russian Railways (RZD) in transporting oil products. Stabilizing the fuel market and preventing a repeat of last year’s fuel crisis are now among the government’s priorities. Maintaining transportation priority reflects this. They might even push coal aside if necessary. However, coal shipments are ...

... Europe), but cash revenues have only slightly increased due to price factors. Oil and gas condensate sales contributed relatively little. Revenue from oil sales rose to ~173 billion rubles (+6% year-on-year), reflecting high oil prices in rubles and stabilization of oil production by subsidiary structures. Concurrently, gas condensate sales declined (~104 billion rubles compared to 125 billion rubles a year earlier), likely due to reduced condensate production or redirection to domestic processing needs. Gas processing ...

In 2018, the global oil market experienced a surge in prices. Concurrently, the exchange rate of the ruble to the dollar stabilized. However, the enthusiasm of many was short-lived. In the second quarter of 2019, prices plummeted by 5%. Many were puzzled: was this a crash or a correction? To complicate matters, the situation was exacerbated by issues related to contaminated ...

... additional incentive to stabilize prices, Tereshkin explains. When prices stabilize, regulators lift the restriction. Partial stabilization was observed between summer and autumn. While gasoline prices rose 3.8% over ten weeks from May 21 to July 29, they ... ....ru/2024/11/13/ekspert-toplivnogo-rynka-gusev-otkrytie-eksporta-benzina-iz-rf-vpolne-oprav... If regulators delay lifting the ban, oil companies lose the incentive to restrain prices. “What’s the point of forgoing revenue if exports remain prohibited?” ...

... extraction and export taxes contributed 30.2% in 2022, falling to 16.3% for January–September 2024. Contributions from gas condensate extraction rose to 6% over the same period. Reverse excise payments, particularly under the damping mechanism aimed at stabilizing domestic fuel prices, reduce oil and gas revenues. In 2022, these payments amounted to 3.2 trillion rubles against revenues of 14.8 trillion. In 2023, they totaled 2.9 trillion rubles out of 11.7 trillion in revenues. Oil Production Drives Budget Growth The oil sector is the ...