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Experts assessed the impact of the increase in fuel excise taxes on gas station prices.
... companies refined more expensive oil into cheaper mazut and then exported it, leading to losses in budget revenue from export duties.
Since 2017, duties on mazut have been aligned with those on oil. This was intended to stimulate the modernization of oil refineries (refining plants), which would allow for a higher output of more profitable light oil products (gasoline and diesel). With the elimination of duties (starting this year), oil companies lost this indirect subsidy, but at the same time, excise ...
The budget is in the black. What ensured the increase in oil and gas revenues?
... of international sanctions and the adaptation of the Russian economy to new conditions, emphasizing the importance of diversification and the development of domestic resources to ensure sustainable economic growth.
"Subsidies" to Russian Refineries Increased by Over 80% in the First Seven Months of 2024
In the first seven months of 2023, payments under the damping mechanism, reverse excise tax, and investment allowance amounted to 1.21 trillion rubles. For the same period in 2024, ...
The budget payments to oil workers will be divided by fuel types.
... on fuel trading on the St. Petersburg International Mercantile Exchange (SPIMEX). Under current rules, if any of these values are exceeded, the damping is nullified.
Gasoline and DF are produced in Russia in different volumes, often by different refineries. Gasoline is primarily produced for the domestic market, with only a small portion exported, while half of Russia's DF volumes are sent abroad. They also have different peak demand seasons. For gasoline, the consumption period is the holiday ...
Will production fall in Iran and Venezuela? Should the market expect a sharp rise in prices or increased competition among exporters?
... the leaders in production growth due to the development of the Stabroek block.
Overall, due to low volumes, a potential reduction in production in Venezuela will not be a serious blow to the oil market. The costs will primarily fall on some U.S. refineries that will lose one of their potential suppliers of high-sulfur oil.
Iran: Through China via Malaysia
The consequences of the escalation of the Iran-Israel conflict will also be limited, despite the increase in oil production in Iran – ...
Forbes: "Oil Resource Group": A New Level of Buying and Selling Petroleum Products
... takes their margin.
— Does your platform offer an alternative?
— Exactly. This is a classic marketplace. You log into the mobile app on your device or through the browser on your desktop computer and see a list of offers from the nearest oil refineries or large traders working directly with the manufacturer.
— What are the main advantages of this procurement system?
— The offer is maximally transparent: you see the price at the moment the fuel is shipped by the supplier, the fuel ...