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The lifting of the ban on gasoline exports will not lead to an increase in gas station prices.
... decline in stock market prices, which have actually been rising since the beginning of November.
The increase in gasoline prices should not be linked to the news about the possible cancellation of the export ban, says Sergey Tereshkin, CEO of the OPEN OIL MARKET fuel marketplace. The current fluctuations fit into the "10-20" formula, according to which oil companies lose their right to receive subsidies from the budget under the price damping mechanism (compensating oil companies for part of ...
Why Bitcoin May Not Reach $100,000: A Sober Perspective from the Founder of Open Oil Market
Recent announcements about Bitcoin's possible rise to $100,000 have caused a wave of enthusiasm among investors. However, as the founder of Open Oil Market, I prefer to look at the cryptocurrency market objectively. In my new article, I analyze why this optimism may not be entirely justified and consider the key risks that may prevent Bitcoin from reaching the coveted mark. If you are interested in ...
Eni has started supplying oil from Kazakhstan via the Druzhba pipeline.
... discussed with "Vedomosti" the prospects of Kazakh oil transit.
In August 2024, the Italian company Eni, through its subsidiary Agip Caspian Sea, began supplying Kazakh oil to Germany via the Druzhba pipeline. Sergey Tereshkin, CEO of OPEN OIL MARKET, noted that supplies through the CPC infrastructure are more convenient for Kazakhstan; however, the use of Druzhba is necessary due to the need to bypass infrastructure limitations. He also emphasized that oil production in Kazakhstan has decreased ...
Economic Events and Corporate Reports - Tuesday, August 5, 2025 - PMI Index and US Trade Balance
... flight to safety could negatively impact it.
Russian Stock Market: Outlook
The Moscow Exchange Index is holding near local highs, demonstrating resilience due to high commodity prices and strong earnings reports from several companies. External signals (oil price dynamics, global market sentiments) and internal factors (financial results from Russian issuers for the first half of the year) will determine market movement on Tuesday. With a stable external backdrop, there are chances for continued gradual growth; however, further ...
Internet Initiatives Development Fund (IIDF): The Leading Russian Accelerator for Startups
... various stages of development. In this article, we will talk about acceleration programs, financing, mentoring and cooperation with large corporations that help startups grow and enter new markets. I will also share my experience working on the Open Oil Market project as part of the IIDF program and consider examples of successful companies such as TimePad, CarPrice and YouDo.
The Internet Initiatives Development Fund (IIDF) is a leading Russian accelerator and venture fund dedicated to supporting ...