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Experts have revealed which fuel will experience the highest price increase at gas stations in 2025.
... stopped publishing detailed statistics on fuel production. However, from the available data, it is clear that the total production of petroleum products in Russia declined by 2.4% (year on year) in the first 11 months of 2024. The situation with fuel production is unlikely to improve in the coming months due to sanctions on the supply of equipment for oil refineries (NPZs). Therefore, the gasoline market will continue to face risks of shortages, according to Tereshkin.
Changes in tax legislation could also influence fuel price dynamics in the domestic market. For example, at the end of 2024, the Federal Anti-Monopoly Service (FAS) proposed separating ...
Wednesday, December 4, 2024: Analysis of Key Events and Reports
December 4 promises to be a pivotal day for financial markets worldwide, featuring crucial economic data such as PMI reports from major economies, the U.S. ADP Employment Report, and EIA Oil Inventories. Speeches by central bank leaders, including Jerome Powell and Christine Lagarde, will provide insights into monetary ... ... dividend amounts.
Chewy Inc ($CHWY): Report before U.S. market open; expected revenue growth – 4.4%
What to expect: The pet products company continues to grow due to increased online sales. The expected revenue growth of 4.4% reflects steady demand for ...
The consequences of the drop in oil prices for Russia have become known.
... Russia's oil sector, as well as potential ways to adapt the economy to the new conditions.
The structure of oil and gas revenues in the Russian budget helps mitigate the risks of a decline in global oil prices, Sergey Tereshkin, CEO of the petroleum product marketplace Open Oil Market, said in a conversation with RIA Novosti.
According to him, one of the serious risks to Russia's budget system in 2025 will be a drop in raw material prices. The OPEC+ alliance, at its most recent meeting last week, extended the validity of ...
Not Much Fire: Why the Government Banned Gasoline Exports
... Reuters, in January-May of this year, Russia increased gasoline exports by approximately 25% year-on-year, reaching 2.51 million tons.
The ban is connected to the accelerated growth of automobile gasoline prices, agrees Sergey Tereshkin, CEO of the oil products marketplace Open Oil Market. "During the summer, gasoline prices tend to rise rapidly, and regulators have to take action," he told Forbes. "The export ban should cool off prices on the exchange and at retail. Most likely, in the short term, this measure will ...
Chinese Oil Purchases from Iran: Hidden Operations and Their Consequences for Russia
... optimizing logistics. We must leverage this time to strengthen our positions in friendly nations and actively promote Russian energy products in alternative markets. For investors, this presents a challenge that requires assessing political and economic risks. However, within this instability,... ... cooperation with partners and offers competitive conditions for long-term contracts.”
China’s circumvention schemes with Iranian oil not only demonstrate the complexities of the global oil market but also underscore the necessity for Russia to respond more ...