... some developing countries (Pakistan, Bangladesh, several African states), high prices for imported fuel create tension – authorities are forced to subsidize gasoline for the public to avoid social discontent. Meanwhile, in the Middle East and India, oil refining is achieving records: local refineries, oriented towards exporting diesel and jet fuel, are operating at full capacity, saturating the global market with products. On the flip side, structural changes in the industry – for instance, the closure ...

... there is an acceleration of the energy transition and a shift in the Chinese economy towards gas and RES. In the meantime, the coal sector remains a crucial component of energy supply, achieving nearly record levels of electricity generation worldwide. Oil Products and Refining: Regional Contrasts The oil products market varies across different parts of the world. In Russia, authorities have taken an unprecedented step to stabilize fuel prices. As of August 1, a temporary total ban on the export of automotive gasoline ...

... the basic approach for the near future, but this carries certain risks. The gasoline export ban, suspended at the end of May, will resume on August 1 for at least a month. The opening of the export channel did not lead to a significant increase in oil refining, while wholesale gasoline prices increased by 10-30% over just two months, according to exchange data. For instance, the price of AI-92 increased by 13% from May 20 to July 30, reaching 54,486 rubles per ton, while AI-95 rose by 29%, to 72,...

... between regulators and industry participants, the increase in the mineral extraction tax on oil and the elimination of export duties were planned to be supplemented by a reduction in excise taxes to offset the cancellation of indirect subsidies to the oil refining industry. This refers to the difference between higher duties on oil and lower duties on petroleum products: for example, duties on automotive gasoline and diesel fuel were 30% of the duty on oil. The difference in duty levels stimulated the ...

... developing countries (such as Pakistan, Bangladesh, and several African states), high prices for imported fuel create tension – authorities are forced to subsidize gasoline for the public to avoid social discontent. Meanwhile, in the Middle East and India, oil refining is hitting record highs: local refineries, focused on exporting diesel and jet fuel, are operating at maximum capacity, saturating the global market with products. On the other hand, structural changes in the sector – such as the closure of ...