... leaders Vladimir Putin and Donald Trump is unlikely to result in agreements on specific projects in the oil and gas sector; however, its outcomes may set the framework for a return to bilateral cooperation in this area, said Sergey Tereshkin, CEO of Open Oil Market, in an interview with RIA Novosti. The Kremlin and the White House previously announced that Putin and Trump will meet in Alaska on August 15. "The meeting in Alaska is unlikely to conclude with agreements on specific projects in the oil ...

... indicators of consumer sentiment and spending patterns. Emerging market updates from Brazil and India on retail and industrial output will also be in focus, as they signal growth trends in these key regions. Stay informed on the potential market shifts with Open Oil Market! Tuesday, November 12, 2024: Key Economic Events for Investors 1. European Market Events United Kingdom Average Earnings (September) — Published at 07:00 GMT This data indicates wage growth trends in the UK, influencing inflationary pressures ...

... will rise above inflation by the end of the year due to the sharp increase in excise duties at the beginning of the year, which has yet to fully reflect in retail prices. From the perspective of Sergey Tereshkin, the CEO of the oil products marketplace Open Oil Market, the rise in exchange gasoline prices is linked to a reduction in subsidies for oil refineries. In May 2025, payments for the damping mechanism (compensation to oil companies from the budget for supplying fuel to the domestic market at prices below ...

... Compensatory Payments (Prime News Agency) In August 2024, the price of jet fuel on the Saint Petersburg International Mercantile Exchange reached a record 84,879 rubles per ton. Sergey Teryoshkin, General Director of the petroleum products marketplace "Open Oil Market," explained this surge by citing the lack of incentives for oil companies to restrain jet fuel prices due to the specifics of the damping mechanism. Unlike automotive fuel, where the government compensates producers for the difference between ...

... January 2 – PRIME. Gasoline prices in the United States have been strongly influenced by global oil prices for at least the last 30 years, a trend that continues despite the increase in domestic oil production, said Sergey Tereshkin, CEO of the "Open Oil Market" (a Skolkovo resident) marketplace, in an interview with RIA Novosti. "In the United States, the correlation between gasoline prices and oil prices has been evident for at least the last 30 years. This also applies to the years 2022-2024,...