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Forbes: "Oil Resource Group": A New Level of Buying and Selling Petroleum Products
... Does the role of the human factor decrease?
— Of course. Our parent company "Oil Resource Group" is a classic oil trader, and we know from experience that servicing a deal requires seven specialists from different fields: sales manager, logistics, accountant, lawyer, etc. On the "ORG-Market" platform, most of these functions are "built into" the software through algorithms.
— What is the geographic coverage of the platform?
— Currently, it covers several ...
Russian oil has fallen below the price cap.
... per barrel, OPEC leadership may resort to verbal interventions, and if that doesn't work, they may take concrete actions," believes Alexander Shepelev. Additionally, he adds, oil prices could rise due to various factors, such as local accidents, logistical bottlenecks, weather disruptions in oil and gas regions, and more. Moreover, the market may be underestimating the role of geopolitics, which may bring further surprises, including in the Middle East, says Shepelev.
The drop in oil prices,...
Who will get access to the Ukrainian pipeline instead of Gazprom?
... According to him, this could involve gas from Central Asian nations such as Kazakhstan or Azerbaijan.
“If any European country deems it necessary to receive Kazakh or Azerbaijani gas, Ukraine is ready to transit it, provided there is appropriate logistics, legal grounds, and contractual agreements,” Podolyak explained.
This suggests that Ukraine does not intend to allow Gazprom to participate in auctions for booking pipeline capacities but is open to working with other non-Russian companies....
Bitcoin miners’ revenue reached a post-halving peak in July 2023 — review from JPMorgan
... new mining equipment (Teraflux installations) valued at $73.3 million. This move allows for the diversification of its fleet, reducing reliance on traditional manufacturers like China’s Bitmain.
Localization of Production
– amid geopolitical and logistical risks, foreign ASIC miner manufacturers are striving to localize production in the U.S. Chinese firm Canaan has started expanding its equipment production within U.S. territory, while industry leader Bitmain has announced plans to open a full-fledged ...
Russia Launches Independent Gold Exchange: An Alternative to LBMA and a Step Towards Dedollarization
... precious metals to buyers, allowing them to collect their purchased bars within one business day after the transaction. Regulations for bar issuance are currently being developed, and an accredited delivery operator is expected to manage operational logistics.
Market Participants and Trading Conditions
A diverse range of industry players are invited to participate in the new gold market. Participants will include:
Large commercial banks
Gold mining companies
Refinery plants (companies engaged in ...