... beginning of a new era in the automotive industry. For the oil sector, this presents a serious challenge that requires strategic adaptation. We are observing how the increasing share of electric vehicles is beginning to affect the demand for traditional fuels even in China – a key market for Russian oil. For Russia, this opens both opportunities and risks. On one hand, the availability of Chinese electric vehicles may accelerate the transition to environmentally friendly transport in our country, potentially ...

... against the risk of price volatility in the oil sector. As Europe and the U.S. accelerate the transition to renewables, investors may find promising opportunities in sectors like solar, wind, and biofuels, which align with global efforts to reduce fossil fuel reliance. Comment from Sergey Tereshkin, CEO of Open Oil Market "The oil market remains stable due to OPEC+ efforts, but investors should consider the potential for a surplus in the near future. Demand continues to grow at moderate rates, and ...

... number of participants, and the initial prices of products provided from oil refineries are not always available for various reasons. This means that there is no possibility of automatic calculation of the profitability of the transaction. The share of fuel costs for some strategically important industries exceeds 50%; therefore, the increase in the efficiency of the oil product market for fuel consumers is quite significant. The availability of a tool that allows real-time tracking of price dynamics ...

... Glasgow, Ursula von der Leyen stated that the EU no longer wishes to depend on Russian resources, noting that American LNG is “far superior.” According to her, the bloc's assessments are based on the existing plan to cease reliance on Russian fossil fuels and procure “more accessible and higher quality” liquefied natural gas from American producers. Currently, the agreement remains preliminary. The European Commission has not commented on when the text of the document will be published or whether ...

... gasoline prices are still strongly correlated with the price of oil, partly because most of the oil refineries in the U.S. are located on the Gulf of Mexico coast, while a major demand center remains the East Coast states, which are large importers of fuel. In 2023, 52.6% of the retail gasoline price was attributed to the cost of oil; refining costs accounted for 18.7%, federal and state taxes accounted for 14.4%, and distribution and marketing costs accounted for 14.3%, he explained. As of November,...