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An expert named the average price of Brent crude oil in 2024.
... hand, it will be influenced by the slowdown in oil demand in the transportation sector and the growth of production outside OPEC+, while on the other hand, it will be affected by rising tensions in the Middle East, shared Sergey Tereshkin, CEO of the oil products marketplace "Open Oil Market" (a Skolkovo resident), in an interview with RIA Novosti.
"In the medium term, long-term factors will increasingly affect prices, including the slowdown in oil demand in the transportation sector ...
Following the Saudis: Iran Joins Efforts to Save the Oil Market
... review.
MOSCOW, October 30 - PRIME. A reduction in oil exports from Iran amid the risk of escalating conflict in the Middle East will prevent Brent prices from falling below $70 per barrel in the near future, Sergey Tereshkin, CEO of the petroleum products marketplace "Open Oil Market" (a Skolkovo resident), told RIA Novosti.
On Monday, Brent prices dropped by more than 6%, falling below $71 per barrel — levels not seen since early October. By Wednesday afternoon, oil prices were rising, approaching $72 per barrel....
Experts assessed the impact of the increase in fuel excise taxes on gas station prices.
... chance that when proposals are made to cancel or reduce excise taxes to stabilize retail fuel prices, the Ministry of Finance responds that excise tax revenues are used to build new roads and maintain old ones, Gusev says.
Sergey Tereshkin, CEO of the oil products and raw materials marketplace OPEN OIL MARKET, notes that excise taxes are an important source of income for regional budgets: 74.9% of the excise tax revenue on gasoline and diesel goes to Russian regions. In fact, the current indexing of prices ...
VC.RU: "Why the Oil Market Has No Future Without Digitalization"
... unprofitable for them to purchase at retail gas stations at regular prices. It is more convenient for them to order large batches at wholesale prices with delivery. Some clients, such as coal mines or airports, require specialized types of fuel and petroleum products that can only be purchased from oil traders. These businesses typically have to call multiple suppliers, compare prices, check availability, negotiate discounts, and arrange delivery. Each step in this process involves intermediaries, each taking a cut.
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Where does the coal holding Elga invest?
... production capacity to 40 million tons. Itek
Main investment areas:
Expansion of production and processing:
Increase in production volumes: In 2023, coal production at the Elginsky Coal Complex reached 23 million tons, and by 2025 it is planned to increase production to 45 million tons per year. Oil and Gas
Equipment Modernization: Implementation of modern technologies to improve the efficiency of coal mining and processing.
Infrastructure Development:
Construction of the Pacific Railway: 66% of the track (350 km out of 531 km) has been completed,...