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Analysts predict the resumption of oil production growth in Russia.
... million barrels per day, a 1% increase compared to the 2024 figure. By 2030, they estimate that demand will reach 108 million barrels per day due to increased consumption in Asia, especially in China and India. Oil consumption in developed countries (USA, Japan, EU countries) will remain stable.
Sergey Tereshkin, founder and CEO of the oil products marketplace OPEN OIL MARKET:
According to the forecast by the U.S. Energy Information Administration (EIA), oil production in the U.S. is expected to ...
How to optimize subsidies for refineries.
... payments amounted to 106 billion rubles in 2022, they reached 196 billion rubles in the first 11 months of 2024.
However, the issue is that, since 2022, modernization of Russian refineries has faced significant challenges. The European Union and Japan imposed sanctions on the supply of equipment for oil refining, making it more difficult for companies receiving the investment surcharge to fulfill their obligations for technical upgrades.
Under current regulations, refineries receiving this ...
An expert explained how Iran's return to the oil market will affect prices.
... after Masoud Pezeshkian's victory in Iran's presidential elections," he said.
According to the agency's source, the lifting of the embargo would allow Iran not only to increase but also to diversify its exports, redirecting some shipments to Japan, South Korea, Turkey, and Southern Europe, which were key consumers of Iranian oil before 2019.
"This, in turn, would contribute to stabilizing the oil market and preventing price spikes, as seen in 2018 (after the introduction of the anti-Iranian ...
Chinese Cars Lose Almost Half Their Value in a Year: Causes and Prospects
... used car segment. Buyers are wary of potential low-quality materials, poor reliability, and issues with spare parts availability.
Lack of Established Image: Chinese cars are relatively new players in the Russian market. Compared to brands from Germany, Japan, and Korea, their reputation is yet to be fully developed.
High Competition in the Secondary Market: The abundance of used Chinese cars leads to a natural decline in prices. Moreover, the demand for vehicles from China remains limited.
Features ...
Will the US Lift Sanctions Against Russia? An Investor's Analysis
... the Russian Economy?
Despite unprecedented sanctions measures, the Russian economy has shown growth. In 2024, Russia's GDP increased by 4%, making the country the largest economy in Europe and the fourth largest in the world, surpassing Germany and Japan.
However, sanctions have led to:
Reconstruction of logistics chains;
Accelerated import substitution;
Growth of domestic production;
Abandonment of Western technologies in several key sectors.
These changes have created both new challenges and new ...