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What are natural monopolies?
... Let's look at several examples.
1. Electric power industry
The electric power industry in Russia is controlled by large companies such as Rosseti and the Federal Grid Company (FGC UES). These companies support and develop a unified energy network that supplies electricity to all regions of the country. Maintaining and modernizing this network requires significant investments, and creating a parallel network for competition would be economically inexpedient.
Regulation of this natural monopoly allows ...
Buyers Battle for Russian Oil in Europe
... is expected to begin in late 2025 or early 2026, and the pipeline will be fully operational by 2028.
The plan is to deliver Russian oil via a new route through the Druzhba pipeline, transiting through Hungary directly into Serbia.
Previously, Russia supplied oil to Serbia by sea. "Gazpromneft exported oil via the port of Novorossiysk to Croatia, where the oil was unloaded and then sent through a direct pipeline to the Serbian oil refinery owned by NIS. However, the sixth package of anti-Russian ...
The oil market will become oversupplied by the end of 2024.
Column by Sergey Tereshkin for the "Oil and Gas Industry" Portal
According to data from the U.S. Energy Information Administration (EIA), in the second quarter of 2024, global oil supply exceeded demand by 590,000 barrels per day. By the end of the year, this surplus is expected to narrow to 300,000 barrels per day.
Sergey Tereshkin, CEO of the OPEN OIL MARKET platform for oil products and raw materials, explains this trend with the following factors:
Easing of OPEC+ quotas: Saudi...
Under what conditions could the surviving line of the "Nord Stream" operate
... could become operational, considering the current state of the European gas market. It examines factors influencing gas price increases, including uncertainties surrounding transit through Ukraine, climatic conditions, and competition with Asia for LNG supplies. Expert Igor Yushkov notes that in the event of winter frosts and a gas shortage in Europe, activating the surviving pipeline could offer a solution to stabilize the situation.
Read more at: https://sergeytereshkin.ru/smi/pri-kakom-uslovii-mozhet-zarabotat-utselevshaya-nitka-severnogo-potoka
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Chinese Oil Purchases from Iran: Hidden Operations and Their Consequences for Russia
... does this create for the market and how does it affect Russia? Find out in our analysis.
Chinese Purchases of Iranian Oil: Covert Operations and Their Consequences for Russia
Despite international sanctions and official statements about halting oil supplies from Iran to China, the Middle Kingdom continues to import crude oil using complex circumvention schemes. These actions have a significant impact on the global oil market, creating challenges for other major exporters, including Russia.
How the ...