Russian Government May Introduce Licenses for Fuel Exports

Posted by Michelle Howard
Wednesday, October 24, 2018

The Russian government may introduce licenses for fuel exports to tackle possible shortages on the domestic market and cool down prices, a source familiar with a meeting between the government and oil producers said on Wednesday.

Earlier in the day, the government held a meeting with the oil producers to discuss the current situation on the domestic fuel market as prices for gasoline and diesel have been on the rise.

The source said licensing is one of the measures to tackle those issues.

Reporting by Polina Nikolskaya; writing by Vladimir Soldatkin

Categories: Russia Shale Oil & Gas

Related Stories

Inpex Expands Australia Gas Portfolio with Browse Minority Stake Deal

UAE Speeds Up Pipeline Project to Help Bypass Hormuz

Global Oil Supply to Fall Short of Demand as Iran War Goes On, IEA Says

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

Norway O&G Revenue Forecast Jumps 30% for '26

FOS Picks Incat Crowther to Design Fast CTV Fleet for Shell’s Brunei Ops

Gulf Marine Services Profit Plunges After Gulf Vessel Evacuations

Indonesia’s Mako Gas Project on Track for First Gas in 2027

UAE Exit Weakens OPEC, Raises Risk of Price War

United Arab Emirates Exits OPEC and OPEC+

Current News

ScioSense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering

Inpex Expands Australia Gas Portfolio with Browse Minority Stake Deal

UAE Speeds Up Pipeline Project to Help Bypass Hormuz

PV Drilling Secures Jack-Up Rig Deal from Zarubezhneft off Vietnam

Longitude to Integrate SynergenOG Following ABL Group Acquisition

Petronas Signs 20-year Charter Deal with MISC for Five LNG Carrier Newbuilds

Global Oil Supply to Fall Short of Demand as Iran War Goes On, IEA Says

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

Norway O&G Revenue Forecast Jumps 30% for '26

QatarEnergy, TotalEnergies and ConocoPhillips Team Up on Syria Offshore Block

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com