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Russian oil has fallen below the price cap.
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Meanwhile, Sergey Tereshkin, CEO of the oil products and raw materials marketplace Open Oil Market, also does not rule out a correction of Urals prices to less than $60 per barrel, considering the Urals discount to Brent at $10 per barrel by August 2024. This, by the way, is the minimum discount since the beginning of the year: at the start of the year, the discount was $16, the expert adds.
The drop in Russian oil prices poses risks to budget revenues. The IEA has calculated that Russia's oil ...
Российская нефть опустилась ниже ценового потолка
... Терешкин тоже не исключает коррекции стоимости сорта Urals до менее чем 60 долларов за баррель, учитывая дисконт Urals к Brent по итогам августа 2024 года в 10 долларов за баррель. Это, кстати, минимальный дисконт с начала этого года: в начале года дисконт составлял 16 долларов, добавляет ...
MTS Bank's financial results under IFRS for the nine months of 2024
MTS Bank reported a 7.5% increase in net profit for the first 9 months of 2024, reaching RUB 11.9 billion. A significant increase in interest and commission income, as well as high operational efficiency, strengthen the bank's position and increase its attractiveness to investors. Find out more about the bank's financial results ...
UTair Airlines has published production figures for 10 months of 2024, please comment.
UTair Airlines has presented its operating results for the first 10 months of 2024, demonstrating steady growth in key indicators. The company's passenger traffic increased by 5.6% compared to last year, including an 18.3% increase on international flights. Impressive growth was also observed in the cargo and mail segment, where ...
How to optimize subsidies for refineries.
... subsidies to Russian oil refineries (refineries) have already exceeded the level of the previous 12 months. According to the Ministry of Finance, payments under the damper mechanism, reverse excise tax on oil, and investment surcharge for January-November 2024 reached 3.36 trillion rubles, surpassing the 2023 level by 15%.
While the damper is aimed at curbing gasoline and diesel prices, the other two types of subsidies are tied to the level of refinery modernization:
The reverse excise tax is intended ...