... scaling of the project. The IPO is scheduled for the first half of 2027," the statement said. By 2027, the marketplace plans to increase its annual trading volume to 736 billion rubles and achieve a 22% market share of the overall small wholesale oil product market. It is noted that the annual trading turnover of Open Oil Market has increased 2.7 times since 2021, reaching 5.9 billion rubles in 2023. As of the first half of this year, the indicator grew another 13%. The total trading turnover of the ...

... barrel mark. This event draws the attention of specialists and analysts due to its impact on the economies of countries dependent on energy resources. Furthermore, the export of gasoline from Russia is experiencing restrictions, which may affect global oil product markets and gas prices. In this article, we will thoroughly examine the latest news in the fuel and energy complex, the specifics of the current fuel market situation, and the prospects for energy development in Russia and the world. Energy Sector ...

... 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 since the beginning of the year: at the start ...

... wait-and-see approach: they have already benefited from the summer demand increase, and their task now is to prevent a new oil surplus in the market by smoothly adapting to changing conditions. Russia Prolongs Restrictions on Fuel Exports The Russian refined oil product market continues to operate under limited export supplies. The Russian government previously imposed a temporary ban on gasoline exports for all categories of suppliers, including major oil refineries (refineries), until August 31, 2025. This measure ...

... denying oil companies priority in the transportation of oil products could have led to additional costs. Thus, this measure was postponed until next year when the export ban will no longer be in effect, Sergey Tereshkin, founder and CEO of the OPEN OIL MARKET marketplace for oil products and raw materials, told Vgudok. "The fact that oil companies have incurred significant costs in recent months due to the forced downtime of several refineries also plays a role. This is indirectly evidenced by the dynamics of oil product ...