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Energy Sector News – Wednesday, July 30, 2025: Brent Surpasses $70; Europe Accelerates Gas Injections Before Winter

... to purchase approximately $750 billion worth of oil, LNG, and even nuclear fuel from the U.S. The aim is to virtually replace oil and gas supplies from Russia by the end of 2027, thereby strengthening Europe's energy independence from Russia. Unified Tariff and Investments: All EU countries agreed to open their markets to American goods by establishing a unified import tariff of 15%. This decision reflects a compromise that helped avert ...

Skolkovo: One of the Leading Incubators in Russia

... innovation hub, supporting startups by providing them with access to funding, expertise, and infrastructure. In this article, you'll learn what the incubator does, what support programs it offers, and how being a Skolkovo resident helps companies like Open Oil Market benefit from tax breaks and grants. We'll also look at examples of successful startups that have come through Skolkovo, such as Motorica and VisionLabs. Skolkovo is the largest innovation center in Russia, actively supporting startups and technology ...

Experts assessed the impact of the increase in fuel excise taxes on gas station prices.

... for diesel fuel, it will be 10,915 rubles per ton. Experts note that excises account for about 20% of fuel costs, so the 4% increase will lead to a price rise of about 1% at gas stations. Sergey Tereshkin, CEO of the fuel and raw materials marketplace OPEN OIL MARKET, emphasizes that excise taxes are a significant source of income for regional budgets, and their indexation is aimed at supporting regions that may face financial difficulties. Starting in 2025, excise taxes on gasoline and diesel fuel (DF) will ...

An expert assessed the prospects of Russian oil supplies to India.

... oil, and what challenges lie ahead for exporters? Read more in our article! India will remain the largest maritime importer of Russian 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 ...

An expert assessed the risks of a decline in oil prices.

... on oil and gas revenues are not expected. MOSCOW, December 12 - PRIME. The structure of Russia's oil and gas revenues allows for hedging against the risks of falling global oil prices, said Sergey Tereshkin, CEO of the oil product marketplace "Open Oil Market" (a Skolkovo resident), in an interview with RIA News. In the expert's opinion, one of the risks for Russia's budget system next year will be a drop in oil prices. At its latest meeting, the OPEC+ alliance extended the current production ...