... gasoline exports, which became effective on May 17. According to S&P Global Platts, Russia's maritime gasoline exports rose from 99,000 barrels per day (bpd) in May 2024 to 150,000 bpd in June, with gasoline's share in Russia's total maritime petroleum product exports increasing from 4% to 7%. While fuel oil and diesel continue to dominate Russian petroleum exports, the increased gasoline exports amidst production cuts heighten the risk of shortages in the domestic market. In spring and summer 2024, the Russian fuel market entered another phase of ...

... calculation of damper payments could halt the rise in prices. However, the problem is that oil producers need to somehow compensate for the cost increases the industry has faced this year. According to Rosstat, the balance of profits and losses for Russian oil product producers in the first four months of 2024 decreased by 14.7% compared to the same period in 2023 (to 1,217 billion rubles), the expert noted. In the letter, RTS also proposes separating the mandatory sales volume requirements on the exchange ...

... Our Marketplace A bit of background on why we decided to create our own marketplace: Oil Resource Group has been active in the petroleum products trading market since 2014. Today, our group operates in both domestic and export markets, dealing in oil, petrochemicals, grain, and petroleum products, as well as providing industry-specific IT solutions. To expand sales channels, reduce the workload on managers, and digitize company operations, we launched ORG-Market.com in 2020. What is a Commodity Marketplace? A marketplace is a platform ...

... the company. Where Does Irkutsk Oil Company (INK) Invest? Sector: Oil and Gas Industry Investments for 2023: 175.3 billion rubles Investments for 2022: 127.8 billion rubles Key Investment Directions: Development of Fields: INK is actively developing oil and gas fields in Eastern Siberia, increasing production and expanding its resource base. Construction of a Gas Processing Complex: The company is investing in the creation of a gas processing complex, which will allow for the efficient use of associated petroleum gas and the production of high-value-added ...

... said Tereshkin. The expert reminded that the Ministry of Finance and the Ministry of Energy had planned to reduce excise taxes as part of a tax maneuver, when the increase in the Mineral Extraction Tax (MET) and the elimination of export duties on oil and petroleum products were supposed to be complemented by a reduction in excise taxes on gasoline and diesel. "However, fuel excises, on the contrary, increased, which became one of the reasons for the rally in the fuel market," he noted. Commenting on ...