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What caused the outpacing increase in the price of AI-98 gasoline
Since the beginning of the year, the price of AI-98 gasoline has risen by 17%, significantly outpacing other types of fuel. What is driving this trend, and what does the OPEN OIL MARKET forecast for the future? A column by Sergey Tereshkin for RBC Companies.
In the fuel market, there continues to be an accelerated increase in prices for AI-98 gasoline. While retail prices for AI-92 and AI-95 gasoline rose by 0.1% during the week of October 15–21, 2024, AI-98 gasoline prices ...
Is the production of petroleum products decreasing in Russia?
We assess indirect factors and analyze the state of the oil product production market in Russia. Sergey Tereshkin’s column for “RBK Companies.”
In Sergey Tereshkin’s article, the reduction in oil product production in Russia in 2024 is analyzed. The focus is on the decline in export supplies and domestic production, which is linked to unpredictable unscheduled ...
What will be the ruble to dollar exchange rate at the end of the year?
... Economic Development and SberCIB Investment Research, and explained the main factors influencing the exchange rate: oil prices, inflation, interest rates, and the geopolitical situation. A detailed analysis and commentary from Open Oil Market CEO Sergey Tereshkin will help you better understand what changes may occur with the ruble exchange rate and how this may affect investments and business.
The ruble to dollar exchange rate forecast for late 2024 depends on many factors, including oil prices, inflation,...
The United States has allowed transactions with Russian banks in the energy sector: what does this mean
... Russian economy, as energy sector deals account for a significant portion of the country's foreign exchange earnings.
Market Reaction: Energy market participants are likely... ... companies must plan their operations with potential changes in mind.
As an entrepreneur, I see this decision as a signal to maintain stability in international energy trade... ... especially for platforms where transparency and reliability of operations are key.
Sergey Tereshkin, Founder and CEO of OPEN OIL MARKET
Translated using ChatGPT.
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Gasoline prices are still rising at gas stations, but they are already decreasing on the exchange.
... 10%. However, retail fuel prices in Russia tend to respond only to prolonged and significant upward or downward movements in exchange quotes. Therefore, it is unlikely that retail prices will start falling as early as next week.
As noted by Sergey Tereshkin, head of the OPEN OIL MARKET fuel marketplace, exchange prices for fuel have only an indirect impact on retail prices. Over 80% of gasoline sales occur in the off-exchange segment—shipments from refineries and oil depots.
Fuel station prices ...