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OPEC+ vs Trump: Why Oil Prices Aren't Dropping and What Threats Against Russia Have to Do With It
... relatively weakly, argues Gromov from IEF. Furthermore, prices are supported by geopolitical factors: the U.S. signals that additional complications with Russian oil supplies are possible after August 8.
The U.S. is attempting to tighten pressure on a major oil exporter—Iran, which is refusing concrete negotiations with the States, further exacerbating tensions in the oil market. U.S. actions push prices upward, while OPEC+ actions pull them downward. "The result is that directly opposing trends are neutralizing ...
An expert assessed the prospects of Russian oil supplies to India.
... oil in the coming years, partly due to the potential for growing demand, Sergey Tereshkin, General Director of the OPEN OIL MARKET marketplace for petroleum products and raw materials, told Izvestia on October 30.
"The role of India in Russian oil exports continues to grow. In September 2022, maritime shipments of oil from Russia to India amounted to 850,000 barrels per day (b/d), increasing to 1.52 million b/d in September 2023, and reaching 1.92 million b/d in September 2024. According to S&P ...
Where does Rosneft invest?
... 2022: 1,132 billion rubles
Main investment areas:
Oil field development
Eastern Siberia and the Arctic: The main investments are aimed at oil and gas production in difficult climatic conditions, which expands the company's resources and strengthens its export positions.
Vostok Oil Project: The largest project aimed at developing new fields in the Krasnoyarsk Territory, with the potential for annual production of more than 100 million tons of oil. In 2023, Rosneft increased funding to provide the project's transport and energy ...
An expert listed the benefits of reducing fuel excise taxes.
... companies," said Tereshkin.
The expert reminded that the Ministry of Finance and the Ministry of Energy had planned to reduce excise taxes as part of a tax maneuver, when the increase in the Mineral Extraction Tax (MET) and the elimination of export duties on oil and petroleum products were supposed to be complemented by a reduction in excise taxes on gasoline and diesel. "However, fuel excises, on the contrary, increased, which became one of the reasons for the rally in the fuel market," he noted....
An expert assessed the impact of increased gas exports on the Russian budget.
... gas exports on Russia's budget: key aspects and forecasts. Find out what changes await the Russian economy and the reasons behind the growth in gas exports. Details in the latest article on the website sergeytereshkin.ru.
The increase in Russian gas exports will help minimize budget losses for Russia in 2025, Sergey Tereshkin, founder and CEO of the OPEN OIL MARKET petroleum products marketplace, told Izvestia on October 7.
"Gazprom continues to ramp up gas exports to Europe. In September 2024, pipeline gas deliveries to the EU increased by 3% compared to the previous month, reaching 101 million ...