... approximately 25% year-on-year, reaching 2.51 million tons. The ban is connected to the accelerated growth of automobile gasoline prices, agrees Sergey Tereshkin, CEO of the oil products marketplace Open Oil Market. "During the summer, gasoline prices tend to rise rapidly, and regulators have to take action," he told Forbes. "The export ban should cool off prices on the exchange and at retail. Most likely, in the short term, this measure will have the necessary effect; otherwise, regulators will ...

We discuss whether the rise in gasoline prices will halt after the export ban is introduced. We analyze the possible consequences for the domestic market. Retail gasoline prices have accelerated their growth. According to Rosstat, from July 8 to July 14, the prices for AI-92 and AI-95 increased ...

... sharp increase in imports from the U.S. is only feasible with a substantial increase in prices for American energy resources. For instance, experts estimate that achieving export values of oil and gas totaling $250 billion per year would require oil prices in Europe to rise to $120+ per barrel, which is unlikely in the medium term. Meanwhile, Washington is increasing pressure in the political sphere. The ultimatum issued by Trump regarding Ukraine expires in the second decade of August. If there is no progress in peace ...

How the lives of Russians have changed in 23 years: 700% inflation, rising prices and the dollar exchange rate Over more than two decades, prices in Russia have increased several-fold - the cost of housing has increased 16-fold, food has become 4-27 times more expensive, and the dollar exchange rate has risen 3.4 times. What ...

Friday closes the week with critical economic indicators across global markets. Investors will focus on Eurozone inflation data and UK retail sales, offering insights into consumer behavior and price stability in Europe. In the U.S., industrial production and consumer sentiment data will shape expectations for economic resilience, while import/export prices shed light on inflationary pressures. China’s new home prices give a pulse on the housing ...