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Why Exchange Prices for Gasoline Reach Records While Pump Prices Stay Calm
... billion rubles – 32% less than the previous month and 79% less than in May 2024. The reduction in subsidies leads to a decline in oil refining margins. In this situation, oil companies have no choice but to compensate for losses through higher exchange prices.
It is worth noting, however, that the damping mechanism depends on petroleum product quotations in Europe, as well as the exchange rate of the ruble. This does not involve cutting subsidies but changing macroeconomic conditions. Oil and petroleum products have fallen in price worldwide, and the ruble ...
Bitcoin: Decrease in Mining Difficulty and Market Consequences
... by 3.34%, signaling structural changes in the industry. This article analyzes the impact on miner profitability, the market price of BTC, strategies of public companies post-halving, and the current state of fundamental metrics.
Bitcoin: Decrease in ... ... decline proved milder, suggesting that the reduction in miner activity was less significant than expected.
Difficulty Adjustment Mechanism and Its Importance
The Bitcoin mining difficulty adjustment is a key mechanism of the protocol that ensures the stable ...
Experts have revealed which fuel will experience the highest price increase at gas stations in 2025.
... gasoline. Currently, the dampener is calculated only for AI-92 based on exchange trading indicators, but it also covers the supply volumes of AI-95 to the domestic market. There may also be attempts to reduce dampener payments in case of falling oil prices and declining budget revenues from the sector. The last attempt to reduce the dampener by half in 2023 led to an autumn fuel crisis.
Kotov notes that the Ministry of Finance has repeatedly attempted to change the dampener mechanism to reduce payments. It is likely that the new mechanism will again focus on this goal (though officially, the aim is said to be the additional stabilization of the high-octane gasoline market). As a result, refineries will receive less money,...
How to optimize subsidies for refineries.
... serve as a valuable source of information.
The current year is not yet over, but 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 for refineries where the output of oil products is at least 75% of the volume of crude oil processed.
Refineries with a ...
Ethereum Reinvented: Buterin's Proposal to Replace EVM with RISC-V
... EVM with RISC-V, and streamlining critical code. How will this impact the ecosystem, decentralization, performance, and the price of ETH? Our in-depth and technical analysis for investors provides insights.
Ethereum Reimagined: Buterin Proposes to ... ... lightweight RISC-V standard. His vision is for a new "beam chain" to replace the current Beacon Chain, eliminating mechanisms such as slots, epochs, and syncing committees. Buterin emphasizes the importance of maintaining backward compatibility: ...