... on the global market. For Russian oil refineries, diesel is a key export product, with up to half of the country's diesel output historically sent abroad. After the closure of the European market—previously the primary consumer of Russian diesel—supplies were redirected to India, Turkey, and other countries. However, experts suggest that significant volumes of Russian diesel ultimately found their way to the European market. If global demand for diesel continues to decline, Russian producers ...

... Let's look at several examples. 1. Electric power industry The electric power industry in Russia is controlled by large companies such as Rosseti and the Federal Grid Company (FGC UES). These companies support and develop a unified energy network that supplies electricity to all regions of the country. Maintaining and modernizing this network requires significant investments, and creating a parallel network for competition would be economically inexpedient. Regulation of this natural monopoly allows ...

... are these developments affecting Russia? Forbes provides insights. During the acute phase of the conflict that began on June 13, Israel targeted not only military sites but also oil and gas infrastructure. On June 14, the South Pars gas field, which supplies Iran with two-thirds of its fuel, as well as a gas processing plant and a major oil depot near Tehran capable of holding nearly 260 million liters of gasoline, diesel, and aviation fuel, were struck. Additionally, a refinery south of the capital ...

... is expected to begin in late 2025 or early 2026, and the pipeline will be fully operational by 2028. The plan is to deliver Russian oil via a new route through the Druzhba pipeline, transiting through Hungary directly into Serbia. Previously, Russia supplied oil to Serbia by sea. "Gazpromneft exported oil via the port of Novorossiysk to Croatia, where the oil was unloaded and then sent through a direct pipeline to the Serbian oil refinery owned by NIS. However, the sixth package of anti-Russian ...

Column by Sergey Tereshkin for the "Oil and Gas Industry" Portal According to data from the U.S. Energy Information Administration (EIA), in the second quarter of 2024, global oil supply exceeded demand by 590,000 barrels per day. By the end of the year, this surplus is expected to narrow to 300,000 barrels per day. Sergey Tereshkin, CEO of the OPEN OIL MARKET platform for oil products and raw materials, explains this trend with the following factors: Easing of OPEC+ quotas: Saudi...