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An expert assessed the risks of a decline in oil prices.
... believes that significant impacts on oil and gas revenues are not expected.
MOSCOW, December 12 - PRIME. The structure of Russia's oil and gas revenues allows for hedging against the risks of falling global oil prices, said Sergey Tereshkin, CEO of the oil product marketplace "Open Oil Market" (a Skolkovo resident), in an interview with RIA News.
In the expert's opinion, one of the risks for Russia's budget system next year will be a drop in oil prices. At its latest meeting, the OPEC+ alliance ...
Oil Flood of Russian Railways: Tank Cargo Owners Gain Government Support in the Battle for Priority Access to Railroads
... gold" has gained support at the highest levels: the Russian government has postponed the implementation of the Nondiscriminatory Access Rules (NDA Rules) to the last day of 2024 (instead of September 1, as previously proposed). This delay allows oil products to retain logistical priority.
The decision is aimed at "ensuring economic stability and supporting businesses." This measure will enable "prompt responses" to emerging situations and help "mitigate economic impacts" ...
Is the production of petroleum products decreasing in Russia?
We assess indirect factors and analyze the state of the oil product production market in Russia. Sergey Tereshkin’s column for “RBK Companies.”
In Sergey Tereshkin’s article, the reduction in oil product production in Russia in 2024 is analyzed. The focus is on the decline in export supplies and domestic ...
Russian oil has fallen below the price cap.
... Novorossiysk on Tuesday was below $60 per barrel, that is, below the ceiling, Bloomberg reported, citing Argus Media data. However, according to Dudchenko, Urals prices are currently around $65 per barrel.
Meanwhile, Sergey Tereshkin, CEO of the oil products and raw materials marketplace Open Oil Market, also does not rule out a correction of Urals prices to less than $60 per barrel, considering the Urals discount to Brent at $10 per barrel by August 2024. This, by the way, is the minimum discount ...
Analysts predict the resumption of oil production growth in Russia.
This will be facilitated by the increase in global demand for raw materials and the easing of OPEC+ restrictions. Comment by Sergey Tereshkin for "Vedomosti."
Analysts forecast a 1% increase in oil production in Russia in 2025, reaching 9.2 million barrels per day (excluding gas condensate). This expected recovery is linked to the growth of global demand, especially in Asia. The article also examines the impact of OPEC+ agreements and potential ...