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The consequences of the drop in oil prices for Russia have become known.
... challenges facing 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 ...
Experts assessed the consequences of lifting the ban on gasoline exports
... fuel shipments from refineries, timely delivery and the provision of empty tanker cars remain issues. In his view, the refineries produce enough fuel, but RZD's irregular deliveries create logistical challenges.
Sergei Tereshkin, CEO of the OPEN OIL MARKET petroleum products marketplace, notes that regulators cannot indefinitely maintain the gasoline export ban. By the end of December, the current restrictions will have been in place for five months, compared to the previous ban from March 1 to May 17, 2024, which ...
Oil and coal run as lackeys.
... operation within the rules without deviations will be seen early in the year. However, the market is greeting the upcoming NDP changes without panic or excessive emotion—more... ... somewhat shield the monopoly.
“If we work strictly according to the NDP rules, oil products already have a fairly high priority, that is, if it’s a subsidized transport... ... stock includes, for example, tank cars used for transporting diesel fuel and liquefied petroleum gases (LPG).
Universal rolling stock includes hopper cars used for transporting...
The global demand for diesel is decreasing: how will this affect Russia?
... regulations also pose risks for diesel demand, notes Sergey Tereshkin, CEO of the OPEN OIL MARKET platform. Since 2020, the sulfur content in marine fuel used in international... ... costs.
Competition from alternative fuels, such as LNG, methanol, and liquefied petroleum gas (LPG), is also growing. Globally, there are 383 LNG-powered ships, with... ... opportunities for Russia's gas industry. Technologies for small- and medium-scale LNG production are sufficient to meet the demand for marine fuel. Moreover, methanol production...
It became known about China's plans for the electrification of motor vehicles.
... Chinese companies will push for the electrification of transportation to compensate for losses from declining sales in the U.S., meaning the share of electric vehicles in passenger car sales in China could exceed 70% by 2027, Sergey Tereshkin, CEO of the petroleum product marketplace "Open Oil Market" (a Skolkovo resident), told RIA Novosti.
Earlier, U.S. President Donald Trump announced plans to impose an additional 10% tariff on Chinese goods starting February 1 and to sign an order introducing 25% tariffs on all goods from Mexico ...