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 ...

... business development in related fields. As a representative of the oil industry, I see the need for active adaptation to new realities. This may include investments in alternative energy sources, the development of technologies to improve the efficiency of oil product usage, and the exploration of new markets. The transformation of the automotive industry is not a threat, but a stimulus for innovation and development in the energy sector."

... 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 to produce high-quality products and increase their competitiveness in the global market. LNG (liquefied natural gas) projects: The company is developing LNG projects that will increase exports to Asia and Europe. Infrastructure and ecology Environmental projects: Investments in environmental programs aimed at reducing emissions, minimizing ...

... insights into the region’s economic health. In Asia, China’s fixed asset investment data and Japan’s revised industrial production will give a pulse on manufacturing and infrastructure. In the U.S., weekly jobless claims and natural gas storage reports will be in focus alongside the FOMC rate decision and press conference. These events are set to drive markets, making it a crucial day for investors — stay informed with Open Oil Market! Thursday, November 14, 2024: Key Economic Events for Investors 1. European Market Events Eurozone Trade Balance ...

... stopped publishing detailed statistics on fuel production. However, from the available data, it is clear that the total production of petroleum products in Russia declined by 2.4% (year on year) in the first 11 months of 2024. The situation with fuel production is unlikely to improve in the coming months due to sanctions on the supply of equipment for oil refineries (NPZs). Therefore, the gasoline market will continue to face risks of shortages, according to Tereshkin. Changes in tax legislation could also influence fuel price dynamics in the domestic market. For example, at the end of 2024, the Federal Anti-Monopoly Service (FAS) proposed separating ...