AI stocks and major US market averages surged this week, led by record highs in the Dow and S&P 500, following corporate earnings and a weak jobs report that eased Federal Reserve rate-hike fears.
Bank of Russia Governor Elvira Nabiullina stated the regulator considered both reducing and maintaining the key rate, with isolated proposals to raise it, following a board meeting. She noted the analysis of the fuel situation and government measures to stabilize the market.
Russian Deputy Prime Minister Alexander Novak stated that government measures are stabilizing the fuel market, leading to lifted retail restrictions, more operational filling stations, and shrinking queues. Despite improvements, the situation remains tense in some regions, with focus on supplying agricultural producers and northern Russia.
Russia is experiencing fuel shortages and queues at gas stations due to oil refineries being partially shut down for repairs following drone strikes, according to Deputy Prime Minister Alexander Novak. He also cited panic buying as a contributing factor to increased demand.
Russia has banned diesel exports to stabilize its domestic market following Ukrainian drone attacks on refineries, which have caused gasoline shortages and price spikes. Meanwhile, Russian missile and drone attacks killed at least three in Kyiv and four in Odesa.
Russia's domestic fuel market has partially stabilized but remains challenging due to peak summer demand and refinery maintenance, Deputy Prime Minister Alexander Novak stated. The government is considering measures like a potential ban on diesel exports to address the situation.
Russia's government has extended its temporary ban on diesel fuel, marine fuel, and gasoil exports to include petroleum product producers. The ban, initially set to expire July 31, 2026, aims to stabilize the domestic fuel market but excludes supplies under intergovernmental agreements.
Russia will start importing petroleum products in July to stabilize its fuel market, Deputy Prime Minister Alexander Novak announced. The government is also increasing production volumes of lower environmental class products. This move aims to ensure market stability, with the Kremlin open to imports at affordable prices.
Russia is experiencing a tough fuel market due to summer peak demand and unscheduled refinery maintenance. Deputy PM Alexander Novak has instructed agencies to prevent supply disruptions, with particular focus on Irkutsk and Trans-Baikal regions. Export bans are being considered to stabilize domestic supplies.
Russia's government is reviewing additional measures to ensure domestic fuel supply, focusing on regions with agricultural work. Deputy PM Novak mentioned sufficient reserves but noted panic buying increased demand by 20-30%. A temporary ban on diesel exports is being considered.
Russia's domestic fuel market is tense due to peak summer demand and refinery issues. Deputy PM Alexander Novak stated that a short-term ban on diesel exports for producers is being considered to boost domestic supplies, alongside proposals from President Putin.
Russian Deputy Prime Minister Alexander Novak has instructed the Energy Ministry and industry companies to develop and present specific measures to stabilize the fuel situation in the country's most vulnerable regions. This directive followed a meeting analyzing oil product output, inventories, and logistics.
Russian Deputy PM Alexander Novak stated the domestic market is fully supplied with gasoline and diesel, with vertically integrated oil companies keeping prices within inflation limits. He noted the economy's 80% adaptation to external challenges and a reduced fuel and energy sector share in GDP.
Russian Deputy Prime Minister Alexander Novak stated that "frenzy" in the domestic fuel market has artificially inflated demand by 20-30%, leading to panic buying and purchase limits in some regions. The government has banned gasoline and jet fuel exports, is considering a diesel export ban, and prepared tax amendments to stabilize supplies.
Deputy Prime Minister Alexander Novak announced Russia has secured sufficient fuel volumes for its domestic market, despite ongoing logistics restructuring. Authorities have banned gasoline and jet fuel exports, are considering a diesel export ban, and postponed refinery maintenance to meet heightened summer demand.
Russia has secured sufficient fuel volumes for its domestic market, according to Deputy Prime Minister Alexander Novak. The country is considering a short-term ban on diesel fuel exports for producers to ensure greater domestic supply, despite currently having a surplus.
Russia's fuel market is "challenging but controlled," according to Deputy Prime Minister Alexander Novak. The government is using reserves and considering a ban on diesel exports to ensure domestic supplies, especially during the summer demand peak. Oil companies are maximizing production and supplies to regions, and refinery maintenance is being postponed.
Russian Deputy Prime Minister Alexander Novak has ordered agencies to create a plan to stabilize the domestic fuel market, considering current regulations. The Federal Antimonopoly Service will monitor prices and take action against unjustified increases.
India's state-owned oil marketing companies (OMCs) are expected to see improved profitability due to lower crude oil prices, boosting fuel marketing margins, despite concerns over rising debt and uncertain fuel tax policies, according to a JP Morgan report.
Russian oil companies are taking steps to ensure domestic fuel supply, increase production, and commission new capacities, according to the government. Special focus was placed on supplying agricultural producers during seasonal fieldwork.
The Russian government has presented a package of measures aimed at prioritizing the domestic market with petroleum products at a meeting chaired by Deputy Prime Minister Novak. The proposals focus on ensuring stable supply and pricing within the country.
Russian Deputy PM Alexander Novak stated the global oil crisis is unprecedented, with a potential shortage within three months if the Middle East conflict persists. He noted 12 million barrels daily are not entering the market and Russia's production is lower than at the start of 2026 but aims to return to previous levels.
Russian Energy Minister Novak stated oil production is slightly below year-start levels due to unscheduled refinery maintenance. He assured a stable domestic fuel market and noted the global energy crisis is unprecedented, exacerbated by Middle East conflicts.
Bitcoin (BTC) dipped to new local lows as US-Iran war tensions and overly optimistic trader sentiment created market nerves. While US stocks showed divergence, BTC faced pressure below $73,000, with $72,000 liquidity eyed. Analysts suggest a potential 'long squeeze' and a need for a market flush.
