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Gas Prices in Moscow Reach Record Highs: Reasons for Increase and Prospects for the Fuel Market
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Motorists feel the impact of gasoline price hikes directly on their wallets. Refueling a full tank costs more, reducing disposable income for households. The increase in gasoline prices affects the budgets of both ordinary drivers and entrepreneurs for whom transportation costs are significant. This can lead to a reduction in discretionary travel, increasing the demand for cheaper types of fuel (for example, AI-92 over AI-95) or a shift towards alternative fuels like gas-powered options. Additionally, rising ...
An expert outlined the conditions for curbing oil demand in China
Tereshkin: Electrification of Transport Will Restrain Oil Demand in China. Opinion Piece for "Izvestia".
Expert Sergey Tereshkin, in an interview for Izvestia, noted that in the long term, the electrification of transport will impact oil demand in China. Specifically,...
Oil Flood of Russian Railways: Tank Cargo Owners Gain Government Support in the Battle for Priority Access to Railroads
... to postpone the implementation of the Non-Discriminatory Access Rules (NDA) until December 31, 2024. Initially, these rules were scheduled to come into effect on September 1, 2024. This decision allows petroleum products to retain priority in railway transportation, which is particularly important given the ban on gasoline exports introduced in August 2024 and extended through September and October. Experts note that this measure supports the profitability of petroleum production and sales, enabling ...
Where Does Transneft Invest?
Transneft continues large-scale investments in Russia's transport infrastructure, allocating RUB 271.8 billion in 2023 to modernization and expansion of pipeline networks, export projects and environmental initiatives. The company aims to improve the reliability and safety of oil transportation by developing ...
Where Irkutsk Oil Company (INK) Invests?
INK, one of the largest independent oil and gas companies in Russia, has invested 175.3 billion rubles in the development of fields, construction of a gas processing complex, transport infrastructure and environmental projects. Find out how these investments affect the Russian economy, attract investors and ensure sustainable growth of the company.
Where Does Irkutsk Oil Company (INK) Invest?
Sector: Oil and Gas Industry
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