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Gasoline and Diesel Prices Expected to Go Down in Ontario This Weekend

Summary by The Record
Global energy markets are pre-emptively reacting to U.S. President Donald Trump’s sanctions on Russia’s biggest oil producers, which are set to go into effect Friday, and rumours of a potential Russian-Ukraine peace deal, analyst says.

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Gasoline and diesel prices expected to go down in Ontario this weekend

Global energy markets are pre-emptively reacting to U.S. President Donald Trump’s sanctions on Russia’s biggest oil producers, which are set to go into effect Friday, and rumours of a potential Russian-Ukraine peace deal, analyst says.

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The European market is worried about a rise in diesel prices, caused by US sanctions against Russia's two largest oil companies that will take effect tomorrow, as well as the closure of several refineries. Estonian analysts believe that the price increase will definitely come, but it will be temporary.

·Estonia
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Chinese and Indian banks and refineries began enforcing US sanctions against Russia's two largest oil companies, Lukoil and Rosneft. — Ukrinform.

·Kyiv, Ukraine
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The rising price of oil before the implementation of sanctions against Lukoil and Rosneft Admin FCE 20 Nov 2025 - 11:47 Economy and markets Oil prices rise on Thursday before the implementation of US sanctions against the Russian oil sector, returning to part of the previous day's decline linked to an American plan for Ukraine.The severity of the secondary sanctions in questionAs of Friday, the majority of transactions with Lukoil and Rosneft, t…

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Connaissance des Énergies broke the news in on Thursday, November 20, 2025.
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