... expected to grow by more than 10% by the end of the year, according to Sergei Tereshkin, CEO of the petroleum products marketplace Open Oil Market. He shared this projection with Izvestia on August 20. "In July, Russia reduced oil exports by 14%. While in June 2024, Russia's seaborne oil shipments amounted to 3.72 million barrels per day (bpd), in July, they dropped to 3.20 million bpd, according to S&P Global Platts data. However, by the end of the year, seaborne oil exports could rise to ...

... have no incentive to behave well. Therefore, a rally in the domestic market is expected until the end of January, especially since this period will coincide with double-digit excise tax increases. The excise on gasoline of grade 5 in 2025 will rise by 14% (from 15,048 to 17,088 rubles per ton). The expert also emphasizes that the Saint Petersburg International Commodity and Raw Materials Exchange (SPIMEX) accounts for no more than 15% of wholesale fuel sales. By controlling price growth here, oil ...

... prices to reach $300 per barrel, and how are these developments affecting Russia? Forbes provides insights. During the acute phase of the conflict that began on June 13, Israel targeted not only military sites but also oil and gas infrastructure. On June 14, the South Pars gas field, which supplies Iran with two-thirds of its fuel, as well as a gas processing plant and a major oil depot near Tehran capable of holding nearly 260 million liters of gasoline, diesel, and aviation fuel, were struck. Additionally,...

... to recent highs. According to exchanges, Bitcoin consolidated around $95,000–$97,000, just below the psychological threshold of $100,000, after an impressive rise in April. As noted in the Bitfinex Alpha report, April concluded for Bitcoin with a ~14% increase, exceeding historical average rates for the month. Throughout the month, BTC initially experienced a sharp correction down to ~$74,500, only to then rebound, reaching ~$98,000 by early May. This bounce demonstrated market resilience despite ...