... Novorossiysk on Tuesday was below $60 per barrel, that is, below the ceiling, Bloomberg reported, citing Argus Media data. However, according to Dudchenko, Urals prices are currently around $65 per barrel. Meanwhile, Sergey Tereshkin, CEO of the oil products and raw materials marketplace Open Oil Market, also does not rule out a correction of Urals prices to less than $60 per barrel, considering the Urals discount to Brent at $10 per barrel by August 2024. This, by the way, is the minimum discount ...

Commentary for Vedomosti on Potential Oil Price Decline Experts predict a drop in oil prices in 2025, with 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 ...

... being filled at record rates, now exceeding 70% of total capacity, which mitigates the risks of fuel shortages ahead of the forthcoming winter. In the domestic fuel market of Russia, authorities have implemented emergency measures to stabilize petroleum product prices, with a full ban on gasoline exports introduced in August to alleviate shortages at filling stations and control price increases. Additionally, we will examine the situation in the coal industry, the rapid growth of renewable energy sources ...

Commentary for the newspaper "Vzglyad" on the LNG market situation Amid strict sanctions, Russia is rapidly increasing its production of liquefied natural gas (LNG). What technologies and investments could help the country triple its production volumes? What risks and opportunities are emerging for the Russian LNG market under these restrictions? Read all about this in our ...

... continuing to trade below the $70 per barrel mark. Gas storage in Europe is being filled at record rates, reducing risks for the upcoming winter season. In the domestic market of Russia, decisive measures are being discussed to stabilize prices for oil products , including a complete ban on gasoline exports starting August 1. We will also look into the situation in the coal industry, developments in renewable energy sources (RES) , electricity generation statistics, and some geopolitical aspects of ...