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The petroleum products marketplace "Open Oil Market" plans to go public through an IPO.
The oil products marketplace "Open Oil Market" plans to go public with an IPO in 2027 (according to the economic information agency "Prime").
The Russian oil products marketplace Open Oil Market has announced plans for an IPO. The company has already completed the pre-IPO phase and is actively preparing for the public offering. Open Oil Market promises to change the approach to fuel procurement, making the market more transparent and accessible for B2B clients. How this will affect the industry and what ...
Oil plays an important role in the financial performance of Russian Railways (RZD). The OPEC+ deal has led to a reduction in the transportation of petroleum products, but they remain the most profitable cargo on the railways.
... the impact of the OPEC+ deal on the transportation of oil and petroleum products via Russian Railways (RZD) networks. In the first half of 2024, cargo volumes decreased... ... contributed to the reduction in loading on the RZhD network.
According to Rosstat, diesel fuel production in Russia decreased by 2.1% (to 35.9 million tons) in the first four... ... 5.5% (to 169.2 million tons) compared to the same period in 2023.
NOTE: OPEN OIL MARKET is the first independent B2B marketplace for petroleum products and raw materials...
VC.RU: "Why the Oil Market Has No Future Without Digitalization"
... the trading process more transparent and beneficial for all participants.
Sergey Tereshkin, CEO of Oil Resource Group
The Russian commodities market is considered conservative. However, even here, it is understood that development and competition are impossible without ... ... various fields, but at some point, I realized that in a resource-rich country, one should focus on resources. I got a job at a fuel company, studied the market for several years, and in 2014, I resigned and co-founded Oil Resource Group with a business ...
Desert Without a Storm: Why Oil Prices Aren't Breaking Records
... Tehran capable of holding nearly 260 million liters of gasoline, diesel, and aviation fuel, were struck. Additionally, a refinery south of the capital with a processing capacity... ... subsequently shut down.
However, these events have strangely had a muted impact on the market. On Friday, June 13, Brent crude oil futures surged by 13%, reaching $78 per... ... threats from President Trump against Iran. According to Trading Economics, on June 13, Russian Urals crude peaked at $68.54 per barrel, a 6% increase over the day, but by...
Russia Temporarily Bans Enriched Uranium Exports to the US: What Are the Implications?
... impact the market by driving up global uranium prices and increasing competition for alternative supplies.
European nations reliant on nuclear energy as part of their energy mix—such as France, Germany, and other countries—may see the cost of nuclear fuel rise as the market reacts to reduced Russian exports. This price pressure could lead European countries to reconsider their long-term energy strategies, possibly accelerating efforts to establish domestic uranium processing or boosting trade agreements with countries like Canada and Australia ...