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Experts assessed the consequences of lifting the ban on gasoline exports
The CEO of the OPEN OIL MARKET petroleum products marketplace, Sergey Tereshkin, comments on the latest decisions by the Ministry of Energy regarding gasoline exports and explains why lifting the ban has become a relevant step. The article examines how the stabilization of domestic market prices ...
Current Situation: The USA Aims to Capture up to 70% of the European Energy Market
..., while keeping prices the same, will be challenging. “This is highly unlikely, as such rapid growth in U.S. oil and gas production and exports is not feasible. For instance, the U.S. Energy Information Administration (EIA) forecasts that domestic oil production will increase by only 400,000 barrels per day this year to 13.61 million, and reach 13.76 million barrels by 2026. This growth is insufficient for a substantial increase in energy resources sold to Europe,” states the expert. A similar situation ...
Investing in Equipment from China – Pros and Cons
... equipment from China is a promising direction that allows for good profit potential. However, it comes with its nuances.
To navigate this field, including its strengths and weaknesses, we can turn to the successful entrepreneur and founder of "Oil Resource Group," Sergey Tereshkin. Comprehensive information about this entrepreneur's activities can be found on the website:
www.sergeytereshkin.ru
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Advantages
Acquiring equipment for business and industrial production in China has several advantages:
Price. This is one of the main benefits. The cost of equipment is significantly lower than similar products from European or even domestic manufacturers available on the secondary market, i.e., previously used ...
Weekly Economic Events Calendar for Traders in the U.S. and Russia (November 11 – November 15, 2024)
... for market movements. Key highlights include the FOMC and Bank of England rate decisions, China’s potential fiscal stimulus announcements, and U.S. consumer confidence indicators. Russian traders will keep an eye on domestic inflation and industrial production data, while U.S. traders track CPI, oil inventories, and the USDA’s agricultural report. Stay tuned for impactful shifts across currencies, commodities, and stocks, as global events unfold!
Weekly Economic Events Influencing Global and Russian Markets (November 11–15, 2024)
Monday,...
Why Exchange Prices for Gasoline Reach Records While Pump Prices Stay Calm
... that gas station prices will 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 ...