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Energy Market News – Tuesday, July 29, 2025: Brent around $70 amid US-EU deal, gas reserves in Europe, gasoline export ban in Russia
... significant player in the energy balance of many countries. The International Energy Agency forecasts that global coal demand in 2025 will remain near historical highs and may even hit a new record. World coal production is expected to reach ~9.2 billion tons this year – largely supported by rising consumption in Asia. In
India
and several Southeast Asian countries, coal-fired power generation continues to expand to meet the growing demand for electricity.
China
, being the largest coal consumer, ...
Where Does the Baltic Chemical Complex (BCC) Invest?
... Areas:
Construction and Development of Production Capacities:
Polyethylene Production: BCC is investing significant resources into creating one of the largest polyethylene production facilities in the world, with a design capacity of up to 3 million tons per year.
Forbes
Integration with the Gas Processing Complex: The project involves a close connection with the Ethane-containing Gas Processing Complex (EGPC) in Ust-Luga, ensuring stable raw material supply and enhancing production efficiency. ...
Where does Rosneft invest?
... 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 production of more than 100 million tons of oil. In 2023, Rosneft increased funding to provide the project's transport and energy infrastructure.
Refining and export
Refinery modernization: Rosneft is actively investing in the modernization of its oil refineries, which allows the company ...
The petroleum products marketplace "Open Oil Market" plans to go public through an IPO.
... accounts for 75% of sales. Gasoline makes up another 16%, with the remaining 9% distributed among other oil products, as well as sand and clay, which are also part of the marketplace's range. In September of this year, the marketplace sold its 200,000th ton of fuel.
Translated using ChatGPT
Sourse: https://1prime.ru/20240927/neft-851832476.html
An expert listed the benefits of reducing fuel excise taxes.
... an increase in the profitability of production and sale of petroleum products. This includes, in particular, reducing excise taxes, which have significantly increased in recent years. In 2015, the excise tax on 5th-grade gasoline was 5,530 rubles per ton, but by 2025, it will reach 15,755 rubles. A two-fold reduction in excise taxes would lower the costs for oil companies," said Tereshkin.
The expert reminded that the Ministry of Finance and the Ministry of Energy had planned to reduce excise ...