Russia has decided to ban gasoline exports from this Friday, March 1, for a period of six months. Decision intended to “stabilize” prices on the domestic market could legitimize, on paper, fears about the supply of black gold.
A drop in the volume placed on the market could, through a domino effect, cause world prices to inflate. “When these announcements are taken seriously, they tend to boost the price of a barrel instantly,” points out Francis Pousse, the representative of the owner-operators of gas stations.