... energy efficiency; however, the outcomes of these measures will depend on a multitude of factors. European countries must work collaboratively to ensure the stability and availability of energy resources in the long term. As the founder of Open Oil Market (OOM) , a platform for wholesale trading of oil products and resources, I deeply understand the importance of a strategic approach to ensuring energy resources in the context of global change. Our goal at OOM is to provide businesses with direct access to suppliers, enhancing transparency and resilience ...

... Russian gas to Europe.” By the end of the decade, Turkey may emerge as a natural gas producer for the European market. This relates to the development of the Sakarya field in the Turkish part of the Black Sea,” says Sergey Tereshkin, CEO of Open Oil Market. The reserves of Sakarya are estimated to be at least 540 billion cubic meters of gas. Current gas production at Sakarya does not exceed 5 million cubic meters per day, but by the end of the 2020s, production is expected to reach 60 million cubic meters per day. For comparison, Turkey’s LNG imports in 2023 were 40 million cubic meters per day. ...

... third quarter, while inflation remains high, reaching 8.54% in October. How will these economic trends affect the investment market? In the article, Sergey Tereshkin, CEO of Open Oil Market, shares his views on the impact of macroeconomic changes on key industries and offers strategies to help investors ... ... significant price pressure on the economy. High inflation continues to exert pressure on consumers and companies, rendering products less affordable and costs more burdensome. In this context, it becomes crucial for companies to reassess their pricing ...

... the economy, the level of inflation, employment and other factors to decide whether to raise, lower or maintain the rate. My position as the founder of Open Oil Market For businesses, especially for companies engaged in commodity markets, like Open Oil Market, the key rate affects many things - from the cost of loans for the purchase of products to the ability of customers to pay for raw materials on time. With a low key rate, it is easier for businesses to attract funds for scaling and promptly solving financial problems. A high rate, on the contrary, complicates access to financing,...

... from €79 to €112 per megawatt-hour (MWh)," noted Sergey Tereshkin, CEO of the oil and raw materials marketplace OPEN OIL MARKET. He explained that under the current regulatory model, electricity prices in the European Union (EU) depend on the cost ... ... deliberately saving gas in the energy sector, housing, and industry. "In the medium term, the development of new LNG production plants in North America will help curb European gas prices. According to the Energy Information Administration (EIA),...