... must be transported from neighboring refineries. These products are delivered by rail. Such interchangeability of refineries is only possible with the efficient operation of Russian Railways (RZD) in transporting oil products. Stabilizing the fuel market and preventing a repeat of last year’s fuel crisis are now among the government’s priorities. Maintaining transportation priority reflects this. They might even push coal aside if necessary. However, coal shipments are primarily for export,...

... exporting AI-92 gasoline, depending on domestic supply. The initial ban, enforced in March 2024, aimed to prevent fuel price hikes. Experts argue that as demand drops, exports can resume, monitored by the government. Sergey Tereshkin, CEO of Open Oil Market, adds that delays in export removal could harm pricing incentives. Diesel fuel prices remain stable despite seasonal pressures on winter grades. Earlier, Vice Prime Minister Alexander Novak mentioned the potential removal of the AI-92 gasoline export ban, provided there is confirmation of ample supply at domestic refineries....

... 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,...

... marketplaces provide price transparency, enable comparison of terms from different suppliers, automate the ordering and logistics processes, and minimize costs 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 ...

... did Oil Resource Group start? – I am originally from Crimea and came to Moscow for my studies. I started businesses in various fields, but at some point, I realized that in a resource-rich country, one should focus on resources. I got a job at a fuel company, studied the market for several years, and in 2014, I resigned and co-founded Oil Resource Group with a business partner. Even then, we wanted to implement new business solutions in the rather conservative commodities market. Digitalization played a key role in this ...