... fuel market has often been closed to most participants: companies without access to privileged conditions could not get the best offers, and often the deals were less profitable. Open Oil Market has introduced a transparent pricing system, where every buyer and supplier can see all the pricing details in real time. Thanks to this, companies get the opportunity to objectively assess the market, compare prices and choose the most profitable offers based on up-to-date data. Transparency in pricing helps to create ...

... relevant block for this direction. Transaction Passports Example of a transaction passport — an agreement with a supplier. The "Transaction Passport" tool increases the efficiency of the logistics department. All agreements with buyers and suppliers are recorded in the transaction passport: prices, coordinates of the shipping location, margins, transport costs, and profitability. The system automatically links the most profitable "supplier+buyer" pairs based on the data provided ...

... is advantageous for procurement but may limit profitability for investors. Reasons for Oil Inventory Growth and What It Means for Buyers High Production Levels in the U.S. Elevated production levels contribute to inventory accumulation. This presents buyers with opportunities for more favorable deals and supplier contracts. In a stable supply environment, purchasing companies can effectively manage procurement volumes and choose optimal timing for contracts. Declining Demand Amid Economic Uncertainty Economic instability and decreasing global demand for ...

... Does the Marketplace Solve for Buyers? The key advantage of the marketplace is the reduction of intermediaries between the buyer and seller. For businesses consuming large volumes of fuel, it is inconvenient to buy it at gas stations. For example, construction machinery cannot be refueled using a fuel pump. Such companies prefer to order from wholesale suppliers with delivery to their production sites. Some may require special types of petroleum products only available from oil ...

... licensing fees for the right to use the platform and additional modules. The platform was developed in such a way that, in the future, it can be used to sell any raw materials: grain, non-metallic materials, etc. Opportunities for Buyers The buyer can find current prices on the platform, examine product quality certificates, and supplier information. They can also view how fuel prices have changed over a specific period. In the personal account, the following information is saved: Information on all orders — purchase volume, product price, delivery cost; Order statuses: ...