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Oil plays an important role in the financial performance of Russian Railways (RZD). The OPEC+ deal has led to a reduction in the transportation of petroleum products, but they remain the most profitable cargo on the railways.
Sergey Tereshkin's column for the VGUDOK publication.
The article discusses the impact of the OPEC+ deal on the transportation of oil and petroleum products via Russian Railways (RZD) networks. In the first half of 2024, cargo volumes decreased by 1.1% to 104.4 million ...
U.S. Investment Banks Show Strong Results: 4th Quarter 2024 Overview
Goldman Sachs and JPMorgan Chase beat analysts' earnings expectations, reflecting the resilience of the largest U.S. investment banks amid economic challenges. Bank of America and Morgan Stanley are expected to report today, which could confirm ... ... rates.
Increased competition in retail banking.
Regulatory changes that may impact banks' profitability.
Commentary from Sergey Tereshkin, CEO of Open Oil Market
«The results of the largest U.S. investment banks underscore the importance of adapting to ...
Sergey Ivanovich, how to start your own business if you don’t have start-up capital?
How to start your own business without start-up capital: advice from Sergey Ivanovich Tereshkin, founder of Open Oil Market, based on personal experience.
Starting a business without start-up capital is not an easy task, but it is quite doable. I always recommend starting with earning your own money. This will allow you to feel what money is really worth, how hard it is to earn it, and how easy it is to lose it. At the beginning of my journey, I took this path: I worked as a seller at the market,...
Why are gasoline and diesel prices rising in the fall of 2024
... Fall, Retail Gasoline Prices in Russia Rise at the Fastest Pace of the Year — An Analysis of the Reasons. A Column by Sergey Tereshkin for RBC.
In the fall of 2024, prices for gasoline and diesel fuel in Russia are increasing due to several factors.... ... 17.5% increase. However, Rosstat is unlikely to exclude AI-98 from its calculation of the overall price index.
This year's periodic fuel price hikes are of a different nature than last year's. For example, the fuel crisis of July-September 2023 was ...
What is a Basis Point?
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Central banks often announce interest rate changes in basis points. For example, if the U.S. Federal Reserve raises its key interest rate by 50 basis points, this represents... ... maturities are higher due to additional risks. However, when the yield curve inverts (i.e., short-term bond yields rise above long-term ones), it often signals potential... ... bonds and spreads, making them more confident in their financial decisions.
Sergey Tereshkin, Founder and CEO of the Oil Products and Raw Materials Marketplace
OPEN OIL...