Russia Fails 60% Gasoline Contracts on Exchange
Since May, nearly 60% of contracts for gasoline delivery have not been fulfilled. Oil companies have not completed nearly 60% of the gasoline delivery contracts concluded from May to September at the St. Petersburg Exchange.
Consensus
- Russian oil companies did not fulfill approximately 60% of gasoline supply contracts on the Petrograd Exchange from May to September.
- The main reason for non-fulfillment is Ukrainian attacks on oil refineries.
- The majority of unfulfilled contracts are linked to Lukoil and Rosneft.
- Refineries of Lukoil and Rosneft were the most frequently targeted in Ukrainian attacks.
- Oil companies prioritize supplying state, industrial, agricultural, and municipal consumers over fuel stations.
- The situation with fuel supply has improved, according to officials.
- Some refineries have increased fuel output.
- President Vladimir Putin stated that only 10% of damaged refineries remain to be repaired, and work will be completed soon.
- Traders on the exchange are primarily independent fuel stations without their own production.
Points of divergence
- The fuel crisis began after a new wave of Ukrainian attacks on Russian oil refineries, and by August 21, fuel shortages were observed in at least 24 Russian regions. — novaya_eu
- Oil companies do not issue official documents about extraordinary circumstances, preventing traders from claiming penalties for non-performance. — tg_istories_media
- Traders are advised to seek imports and use over-the-counter markets where fuel is sold at inflated prices. — tg_istories_media
- The government has instructed antitrust and energy agencies to set regional price caps on gasoline to combat the fuel crisis. — tg_istories_media
- Low fuel prices may discourage deliveries to deficit regions, making them unprofitable for suppliers. — tg_istories_media
- The government claims that Russia has sufficient technology and expertise to fully repair all refineries. — tg_govorit_nemoskva
- More than 50% of Rosneft’s unfulfilled contracts and nearly one-third of Lukoil’s are overdue by more than a month. — kommerzant
Coverage (7 sources)
- "Kommersant": Russia failed to fulfill nearly 60% of contracts for gasoline delivery on the exchange since May due to Ukrainian attacks on refineries — Сибирь.Реалии
- "Kommersant": Russia failed to fulfill nearly 60% of contracts for gasoline delivery on the exchange since May due to Ukrainian attacks on refineries — Настоящее Время
- Russian companies failed to fulfill about 60% of stock exchange contracts for gasoline delivery — «Kommersant» — Новая газета Европа
- Since May, nearly 60% of contracts for gasoline delivery on the exchange have not been fulfilled — Говорит НеМосква
- Kommersant: Russian oil companies did not close about 60% of exchange contracts for gasoline delivery — due to Ukraine's attacks on refineries — Meduza
- Obligations for 59% of stock exchange contracts for fuel deliveries since May have not been fulfilled. Instead, oil companies are supplying the war... — Важные истории
- Almost 60% of contracts for fuel delivery on the exchange since May have not been fulfilled — Коммерсантъ