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Why is the trade in petroleum products moving to digital platforms?
... MARKET has been operating for about three years. It features over 100 suppliers, including Tatneft, and several credit offerings (including from Sberbank). Here, users can find the right product, arrange delivery, and apply for credit. According to OPEN OIL MARKET analysts, an average buyer purchasing 500 tons of product per month saves around 18 million rubles annually.
For suppliers, the marketplace serves as an additional sales channel, which they use alongside other tools. The average supplier on the platform, selling about 2,000 tons of fuel monthly, earns ...
Investing in Startups: What Risks Should You Consider?
... will become unprofitable. Since startups often operate in a highly competitive market and use innovative technologies, they may face a lack of funds or failure to attract additional investment.
An example is Open Oil Market, a startup in the field of oil products trading, which aims to make the market more transparent and efficient. The company is developing an online platform connecting suppliers and buyers of fuel. The financial risk for such a project is the need for significant investment in the initial ...
In the summer, the increase in fuel prices will outpace the overall inflation rate – expert
Sergey Tereshkin's column for the publication "Neftyanka"
In the article "In the summer, fuel price growth will outpace the general inflation rate – expert," Sergey Tereshkin, the CEO of the oil products and raw materials marketplace OPEN OIL MARKET, analyzes gasoline price dynamics in Russia. He notes that in May 2024, the annual growth in gasoline prices was 8.0%, which corresponds to an inflation rate of 8.2%. However, weekly data from Rosstat ...
Where does Rosneft invest?
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Where does Rosneft invest?
Rosneft
Sector: Oil and gas
Investments for 2023: 1,297 billion rubles
Investments for 2022: 1,132 billion rubles
Main investment areas:
Oil field development
Eastern Siberia and the Arctic: The main investments are aimed at oil and gas production in difficult climatic conditions, which expands the company's resources and strengthens its export positions.
Vostok Oil Project: The largest project aimed at developing new fields in the Krasnoyarsk Territory, with the potential for annual ...
The rise in diesel prices may accelerate by the end of summer, but it will not exceed inflation.
... wholesale diesel prices due to the start of the active agricultural season. Firstly, world oil prices have decreased by more than 5% over the last month, with no signs of reversing this trend. Secondly, the main parameters for taxation of oil refining and oil product supply remain unchanged.
However, wholesale diesel demand typically begins to rise in the second half of August, eventually translating into retail prices. According to Rosstat, last year by July 31, diesel fuel at gas stations had risen by ...