... for the Russian fuel and energy complex," the expert concluded. REFERENCE: The current oil price ceiling has been in place since December 2022. In February 2023, a price cap of $100 per barrel was introduced for light oil products (diesel fuel, gasoline) and $45 per barrel for dark products (fuel oil). It was supposed that the functioning of the mechanism would be evaluated every two months, based on market conditions and that the ceiling would be set at a discount of -5% from the average market price for Russian oil and oil products, calculated based on data from the International Energy Agency. Additionally, after each change in the ceiling price,...

... trading turnover of the platform since 2021 has reached 12.9 billion rubles, and the number of users exceeded 3,000. Open Oil Market is an independent B2B marketplace (sales from legal entity to legal entity) selling oil products and other raw materials.... ... started full-scale operations in 2021. The most in-demand product on the platform is diesel fuel, which accounts for 75% of sales. Gasoline makes up another 16%, with the remaining 9% distributed among other oil products, as well as sand and clay, which are ...

... Interview with Sergey Tereshkin for "RBC Companies". Does the oil products market need a marketplace? After all, there are still no striking examples of profitable B2B trading platforms in Russia. Oil products, primarily diesel fuel and gasoline, represent a vast market. For instance, they account for about 30% of the total trade turnover on the St. Petersburg International Mercantile Exchange (SPIMEX). We estimate the market’s annual volume at 6 trillion rubles, with about half traded via the exchange and tenders....

... other countries. However, experts suggest that significant volumes of Russian diesel ultimately found their way to the European market. If global demand for diesel continues to decline, Russian producers will face stiff competition with other suppliers, ... ... some closures in Europe. This trend, combined with the climate agenda, has exacerbated the situation. Even though demand for gasoline and jet fuel is rising, this increase has not been enough to offset challenges for European refineries. Russian Diesel ...

... and risks associated with purchasing. Open Oil Market : Innovations and Transparency in the Fuel Market Open Oil Market is a Russian B2B marketplace focused on the oil products market. The platform is designed for enterprises needing large volumes of gasoline, diesel fuel, fuel oil, and other oil products. Open Oil Market emphasizes transparency and simplification of procurement processes in an industry that has traditionally been plagued by gray schemes and logistical complexities. Features and Advantages of Open Oil Market: Price Transparency and Terms The platform ...