... production by 30,000 tons compared to last year, to 400,000 tons per year. Other producers are also actively increasing their output. Regarding the cost of MTBE, it is determined by the macroeconomic indicators of the fuel market in Russia. The spot price of MTBE in 2023 decreased by almost 10% compared to 2022, and in 2024, there has been a slight increase in the price compared to last year, the company explained. The issue of expanding the list of allowed additives has been raised multiple times. For example, there ...

... a profit, even if they decide to sell the property merely months after acquisition. In reality, the situation is not so rosy. Price appreciation is relatively slow and varies greatly from one location to another. For example, in Catalonia, property prices have significantly decreased over the past few years due to ongoing protest actions and attempts to secede from Spain. However, this decrease has occurred solely in Catalonia, while real estate websites have not adjusted their property prices. This creates a deliberate ...

... to an increase in global oil and petroleum product inventories. Slowing Demand Growth: The pace of global oil consumption is decreasing. The International Energy Agency (IEA) has revised its 2025 demand growth forecast down to approximately +0.7 million ... ... million barrels per day by the end of 2025. The reasons include weakened economic activity worldwide and the effects of high prices from previous years that incentivized energy conservation. Additionally, slowing industrial growth in China is limiting ...

... reflecting a gradual market correction following the peaks of the 2022-2023 energy crisis. Several important factors influence price dynamics simultaneously: OPEC+ Production Increase. The oil alliance is steadily increasing supply in the global market.... ... From April to July, restrictions have been successively eased, leading to a rise in global oil and petroleum product stocks. Decreased Demand Growth Rates. Global oil consumption growth is slowing down. The International Energy Agency (IEA) has lowered ...

... optimize cash flows. Outlook for H2 Expected increase in thermal energy tariffs Potential demand growth due to the beginning of the heating season Continued modernization projects may enhance operational efficiency Nevertheless, risks associated with fuel price volatility and macroeconomic instability persist. Conclusion The decrease in net profit for TGC-14 in H1 2025 reflects a challenging market environment, rising costs, and limited capacity to raise tariffs in the first half of the year. For investors, key factors in the upcoming months will be the results of the heating ...