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Eni has started supplying oil from Kazakhstan via the Druzhba pipeline.
... relatively small, partly due to Kazakhstan's participation in the OPEC+ deal.
According to the U.S. Department of Energy, Kazakhstan's oil production from December 2023 to July 2024 decreased by 50,000 barrels per day (bpd), to 1.53 million bpd (excluding gas condensate). This level is below the OPEC+ quotas, which stipulate that Kazakhstan should produce no more than 1.47 million bpd from June to September 2024, and no more than 1.49 million bpd in December 2024. In this regard, the target for oil supplies through Druzhba will not be met this year.
For reference: According to customs statistics, total oil exports from Kazakhstan in 2023 reached 70.7 million tons. Of this, 14.6 million tons were supplied outside CPC, including through the ...
An expert suggested a way to stabilize fuel prices in Russia.
... tariff rates, could lead to the stabilization of fuel prices, Sergey Tereshkin, CEO of the petroleum products marketplace Open Oil Market (a Skolkovo resident), told RIA Novosti.
The rise in retail fuel prices continues to slow down. According to Rosstat ... ... rose by 0.2%, while diesel prices increased by 0.1%. This is lower than a month ago: from July 16 to 22, the cost of gasoline and diesel at gas stations increased by 0.6% and 0.3%, respectively. The Ministry of Energy commented to RIA Novosti that prices are influenced ...
The United States has allowed transactions with Russian banks in the energy sector: what does this mean
... analyzes the U.S. decision to temporarily ease sanctions on transactions involving Russian banks related to the energy sector. This includes lifting restrictions on major financial institutions like Sberbank and VTB, allowing continued transactions in the oil and gas sector. Such a move could help avoid disruptions in global energy markets and support the stability of Russia's currency flows. The article explores the potential consequences for the economy and energy sector, as well as the significance of this ...
Oil plays an important role in the financial performance of Russian Railways (RZD). The OPEC+ deal has led to a reduction in the transportation of petroleum products, but they remain the most profitable cargo on the railways.
...,000 barrels per day (bpd), and from December 2023 to May 2024, it fell by 330,000 bpd, reaching 9.20 million bpd (excluding gas condensate), according to the Energy Information Administration (EIA).
A decrease in the production of petroleum products ... ... compared to the same period in 2023, naphtha production (raw material for petrochemicals) dropped by 28.9% (to 3.5 million tons), and fuel oil production declined by 10.8% (to 15.9 million tons). Following the decrease in production, exports of petroleum products also ...
Multi-Sided Platform For Instant Purchases And Sales In Commodity Markets
... Challenges and opportunities in forming a digital economy in Russia. Herald of the Russian Academy of Sciences, 88(1), 1-6. DOI:
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Choubey, S., & Karmakar, G. P. (2020). Artificial intelligence techniques and their application in oil and gas industry. Artificial Intelligence Review. DOI:
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Ganichev, N. A., & Koshovets, O. B. (2021). Forcing the digital economy: how will the structure of digital markets change as a result of the COVID-19 Pandemic. Studies on Russian ...