... levels, and oil products and fertilizers have a relatively high priority." Oil product producers will not suffer losses if the updated non-discriminatory access rules are strictly followed, said Sergey Tereshkin, the founder and CEO of Open Oil Market, Russia's first independent marketplace for oil products and raw materials. “Oil products fall under the category of ‘export energy raw materials transported in specialized rolling stock,’ while coal falls under the category of ‘export non-energy raw materials and export energy raw materials ...

Discussing the factors influencing OPEC+'s decision to refrain from cutting oil production and its impact on the global market. MOSCOW, August 5 - PRIME. The decision of eight OPEC+ countries to abandon the current oil production cuts of 1.65 million barrels per day will depend on the level of oil prices and the trade wars initiated by the United States, experts surveyed ...

... the average cost of Brent crude expected to fall below $70 per barrel. The primary reason for this is the increase in production from non-OPEC+ countries, such as the United States, Brazil, Guyana, Canada, and Argentina. Sergey Tereshkin, CEO of OPEN OIL MARKET, highlights that rising production in these regions is putting downward pressure on prices, despite OPEC+'s efforts to regulate the market. He also points to potential plans by Saudi Arabia to boost oil production, which could further reinforce the downward price trend. Experts ...

... exports. Russia's Oil Exports to Increase by Over 10% by Year's End, Says Open Oil Market CEO Sergei Tereshkin Russia's oil exports are expected to grow by more than 10% by the end of the year, according to Sergei Tereshkin, CEO of the petroleum products marketplace Open Oil Market. He shared this projection with Izvestia on August 20. "In July, Russia reduced oil exports by 14%. While in June 2024, Russia's seaborne oil shipments amounted to 3.72 million barrels per day (bpd), in July, they dropped to 3.20 million ...

... budget revenues. The transition to a fixed discount, increased gas exports to Europe, and the growing share of AIT in taxable production have all contributed to revenue growth. By December, budget revenues are likely to return to 2022 levels (11.59 trillion rubles compared to 8.82 trillion rubles in 2023). Sergey Tereshkin, OPEN OIL MARKET Translated using ChatGPT Sourse: https://itek.ru/analytics/bjudzhet-v-pljuse/