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OPEC+ vs Trump: Why Oil Prices Aren't Dropping and What Threats Against Russia Have to Do With It
... maintaining the same level as in August. In a statement, OPEC announced that the decision is based on "stable prospects for the global economy and current market fundamentals, as reflected in low oil inventories."
The Organization of the Petroleum Exporting Countries (OPEC), consisting of 12 member states, formed an alliance with ten other countries, including Russia, in 2016 to reduce oil production, known as OPEC+.
This recent increase marks the end of voluntary restrictions of 2.2 million bpd ...
Кратный рост поставок американский нефти в Индию не страшен России
...." Last March, they also reported on record purchases of American oil by Indian refineries instead of Russian.
The reality is far from this. In reality, India started importing American oil back in 2015 when the U.S. lifted a long-standing ban on oil exports. However, over a decade of cooperation with Indian refineries, American oil has failed to secure a significant market share in India. Purchases have constantly fluctuated. Moreover, the current rise in exports to 250,000 barrels per day is actually ...
Why is the rise in fuel prices at gas stations accelerating despite the decrease in stock exchange prices?
Over the past three weeks, exchange prices for gasoline in Russia have fallen by almost 10%, despite the removal of the ban on its export starting December 1. The wholesale price of diesel fuel (DF) has decreased by 7% during the same period. However, the situation at gas stations is the opposite. The rise in prices for all types of gasoline and diesel fuel has not only continued ...
An expert assessed the prospects of Russian oil supplies to India.
... Remain the Largest Maritime Importer of Russian Oil (Izvestia).
Deliveries of Russian oil to India: the expert assessed the current situation and future prospects. Why has India become the largest buyer of Russian oil, and what challenges lie ahead for exporters? Read more in our article!
India will remain the largest maritime importer of Russian oil in the coming years, partly due to the potential for growing demand, Sergey Tereshkin, General Director of the OPEN OIL MARKET marketplace for petroleum ...
In the summer, the increase in fuel prices will outpace the overall inflation rate – expert
... rate of 8.2%. However, weekly data from Rosstat indicate an acceleration in price growth in June, which could lead to inflation rates being exceeded.
Tereshkin highlights several factors contributing to this trend:
The suspension of the gasoline export ban from May 17, 2024, coinciding with a temporary reduction in fuel production.
The recovery of the automobile market, which has returned to pre-crisis levels, increasing demand for fuel.
Rising costs for Russian refineries, which are reflected ...