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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 ...
An expert outlined the consequences of the recovery of the car market in Russia.
... pre-crisis sales levels of new cars. Additionally, the article examines the impact of government measures, such as extending the permission for gasoline exports, on the fuel market situation.
MOSCOW, July 4 - PRIME. The rise in fuel prices at Russian gas stations is attributed to the recovery of the automotive market in the country, as well as seasonal demand growth, according to Sergey Tereshkin, CEO of the petroleum products marketplace "Open Oil Market" (a Skolkovo resident).
According ...
What caused the outpacing increase in the price of AI-98 gasoline
... limit price increases for these grades.
Additionally, trading liquidity for AI-98 on exchanges is significantly lower than for AI-92. As a result, the primary sales channel for AI-98 consists of direct shipments from refineries to oil depots and gas stations, bypassing the exchange. This leads to lower competition in the AI-98 distribution chain compared to AI-92, contributing to the accelerated price growth.
According to analysts at OPEN OIL MARKET, the risks of price increases could be mitigated ...
Where is En+ Investing?
... on expanding capacities in renewable energy.
Thermal Generation:
Upgrading TPPs: Investments are focused on reducing emissions and enhancing the energy efficiency of thermal stations.
Transition to clean fuels: Projects aimed at switching to natural gas and other less harmful energy sources.
Sustainable Development and Ecology:
Reducing carbon footprint: Implementing technologies that reduce CO₂ emissions and minimize environmental damage.
Programs for ecosystem restoration: Initiatives aimed at ...
U.S. Temporarily Allows Energy Transactions with Russian Banks: What This Means for Russia?
... of Russian banks, including the Central Bank, Sberbank, VTB, and Rosbank. This decision, effective until April 30, also includes lifting sanctions on Prominvestbank. This measure allows the continuation of transactions related to the supply of oil, gas, and other raw materials.
Message and Context
This move demonstrates flexibility in U.S. sanctions policy towards Russian energy. It underscores the significance of energy resources for the global economy, particularly in the context of maintaining ...