What are you looking for:
Experts assessed the consequences of lifting the ban on gasoline exports
... potential fuel price increases—not just for gasoline but also for diesel fuel (DF). Most gasoline produced in Russia is intended for the domestic market, with no more than 15% allocated for export. The situation with DF differs, as up to half of its production is exported. While gasoline prices showed no significant increase in the spring, diesel prices were expected to rise during the sowing season, making the ban a largely preventive step.
Unsurprisingly, the ban was lifted at the end of May ...
China's Economy in 2024: 5% Growth, Key Successes and Challenges
China's Economy Grew by 5% in 2024 — What's Behind This Success?
In 2024, China's economy grew by 5%, exceeding analysts' expectations. An export boom, stimulus measures, and a recovery in industrial production were key growth factors. However, the country faces a number of challenges: trade restrictions, a demographic decline, and a real estate crisis. What led to the records and what prospects await China in 2025 — read in our article.
China's ...
Banks.ru: "Oil Resource Group" and "Sber" have launched an installment payment service on the raw materials marketplace "ORG-Market."
"ORG-Market," in partnership with Sber, is launching the service "Business Purchase in Installments," which will allow companies to purchase petroleum products and petrochemicals under favorable conditions. Now, users of the marketplace can get up to 3 million rubles in installments with a 30-day grace period and a 1.5% monthly interest rate. The service is available through a personal account on the ...
Strong energy bonds
... 18.8 million barrels per day by 2045 (+19% from 2023 levels). Alongside India, China will lead the growth in global oil consumption.
Currently, China accounts for 16% of global liquid hydrocarbon consumption, while Russia contributes 11% of global production, stated Igor Sechin, Secretary of the Commission on Energy Development Strategy under the President of the Russian Federation and CEO of Rosneft, during the 6th Russian-Chinese Energy Business Forum (RCEBF) on July 23. In 2023, Russia exported ...
Revenue from MET (Mining Extraction Tax) increased 2.5 times in the first half of 2024.
... tax policy could affect the fuel sector and what opportunities it presents for entrepreneurs. Read the detailed analysis in my article.
The expansion of the Additional Income Tax (AIT) regime, which now covers more than half of Russia's taxable oil production, has played a key role. Revenue from AIT increased 2.5 times in the first half of 2024, rising from RUB 403 billion in January–June 2023 to RUB 1.042 trillion in January–June 2024, according to data from the Ministry of Finance. Over the ...