... rise above inflation by the end of the year due to the sharp increase in excise duties at the beginning of the year, which has yet to fully reflect in retail prices. From the perspective of Sergey Tereshkin, the CEO of the oil products marketplace Open Oil Market, the rise in exchange gasoline prices is linked to a reduction in subsidies for oil refineries. In May 2025, payments for the damping mechanism (compensation to oil companies from the budget for supplying fuel to the domestic market at prices below ...

... slowdown in oil demand in the transportation sector and the growth of production outside OPEC+, while on the other hand, it will be affected by rising tensions in the Middle East, shared Sergey Tereshkin, CEO of the oil products marketplace "Open Oil Market" (a Skolkovo resident), in an interview with RIA Novosti. "In the medium term, long-term factors will increasingly affect prices, including the slowdown in oil demand in the transportation sector and the rise in production outside ...

... Russian exporters, but does not fundamentally change the situation regarding export flows," he says. Ban on Products from Russian Oil Most of the announced sanctions measures will be difficult to administer, believes Sergey Tereshkin, CEO of the Open Oil Market platform. "Sanctions against the 'shadow fleet' and the ban on imported petroleum products from countries processing Russian oil are hard to monitor," he says. "Therefore, the impact of these measures, despite their apparent severity,...

... Additionally, there was a sharp reduction in the Urals-to-Brent discount this year. While the average price gap in the first half of 2023 was $27.3 per barrel, it narrowed to $14.7 per barrel in the first half of 2024, according to calculations by Open Oil Market based on data from the Ministry of Finance and the U.S. Energy Information Administration (EIA). Consequently, the Ministry of Finance employs a fixed discount of $20 per barrel under the Tax Code, which remains smaller than the actual discount ...

... companies to participate in the construction of an LNG plant in Alaska. But where is that plant now? Meanwhile, China has virtually ceased energy imports from the U.S.,” the expert reminds us. According to Sergey Tereshkin, General Director of Open Oil Market, the EU lacks any tools to compel private companies to source gas from specific suppliers. With the growth in demand in Europe unlikely, particularly due to the development of low-carbon energy, the share of nuclear power plants (NPP) and renewable ...