... 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 ...

... levels, and oil products and fertilizers have a relatively high priority." Oil product producers will not suffer losses if the updated non-discriminatory access rules are strictly followed, said Sergey Tereshkin, the founder and CEO of Open Oil Market, Russia's first independent marketplace for oil products and raw materials. “Oil products fall under the category of ‘export energy raw materials transported in specialized rolling stock,’ while coal falls under the category of ‘export ...

... stations is usually two to three rubles per liter, though this can depend on various factors, such as the price of kerosene, which is often used in the production of diesel that doesn't freeze in low temperatures. Sergey Tereshkin, CEO of the OPEN OIL MARKET fuel marketplace, said that the end of August and September is traditionally a period of rising diesel prices, and this year will be no exception. The main price increases will occur not at the exchange, but in the small wholesale segment, where ...

... transportation, and fuel sales contribute to the price increase, the expert explains. Additionally, the rise in gasoline prices is attributed to the fact that the export ban was lifted for only two months, according to Sergey Tereshkin, CEO of the OPEN OIL MARKET platform. Oil companies understand that after January 31, 2025, the foreign market will again be closed, so they have no incentive to behave well. Therefore, a rally in the domestic market is expected until the end of January, especially since ...