... B2B consumer in small wholesale (e.g., an agricultural or construction company)? Let me simplify the chain of interactions: Fuel is produced at oil refineries (refineries) and then sold through the St. Petersburg Commodity Exchange at the lowest market price. Large companies (e.g., Russian Railways) that use petroleum products for their own needs are among the buyers, as are large traders who purchase volumes for resale. The large traders then add their markup and sell the products to smaller intermediaries, "mid-level" traders. These traders, in turn,...

... particularly rapid growth. These platforms enable sellers to showcase their products and quickly connect with buyers. Launching Our Marketplace A bit of background on why we decided to create our own marketplace: Oil Resource Group has been active in the petroleum products trading market since 2014. Today, our group operates in both domestic and export markets, dealing in oil, petrochemicals, grain, and petroleum products, as well as providing industry-specific IT solutions. To expand sales channels, reduce the workload on managers,...

Tereshkin: Reducing fuel excise taxes in Russia could help increase the profitability of production (Prime). Reducing excise taxes on fuel could boost the profitability of production and sales of petroleum products, as well as stop the rising prices. Sergey Tereshkin, the CEO of the fuel marketplace "Open Oil Market," pointed out that excise tax rates have increased significantly in recent years, which negatively affects the industry. He also suggested that the ban on gasoline exports could be lifted in November, provided retail prices are kept under ...

... in response to recovering demand. Expert Commentary: “In this regard, the threat of new tariffs against India and China is a good informational reason for further increases in quotas,” noted Sergey Tereshkin in an interview with Forbes . Russian Market for Petroleum Products: Exported Banned, Prices and Budget Under Control The internal fuel market in Russia continues to enforce a complete ban on the export of certain petroleum products, primarily automotive gasoline. The government previously extended the restrictions ...

... Beijing does not decrease its procurement of Russian energy resources. In Europe, new sanctions provisions adopted by the European Union in the summer are coming into force. In a recent package of restrictions, the EU approved a ban on the import of petroleum products produced from Russian oil in third countries—this move aims to close supply loopholes, but it carries the risk of increasing fuel prices in the European market. The Russian mission to the EU has already warned that such measures could lead to higher gasoline and diesel prices in Europe and impact the competitiveness of the European economy. Nevertheless, Brussels demonstrates its determination to continue ...