... market opens exciting prospects for car enthusiasts and investors. This event may strengthen competition, support the restoration of the dealer network and services, and balance the supply structure within the market. However, significant political and economic risks remain that investors should consider. Sergey Tereshkin, CEO of the Open Oil Market marketplace for oil products and raw materials , comments: "The decision to return major brands is an attempt to maintain their positions amidst growing ...

... Market, pointed out that recent months have clearly demonstrated that the oil ceiling is only adhered to when Brent prices fall. "The average price of Urals fell below $60 per barrel only after the market began to 'factor in' the risks of a global economic slowdown due to trade wars. Thus, for the price of Urals to drop below $50 per barrel, the price of Brent needs to be below $60 per barrel, and there are no real prerequisites for this: in the coming months, Brent is expected to hover around ...

... Takeaways from the IEA Report Global Oil Demand Growth The IEA raised its 2024 forecast for global oil demand growth by 59,000 barrels per day, bringing the total expected increase to 0.92 million barrels per day. This uptick reflects a gradual global economic recovery and renewed energy needs. However, the growth remains moderate, signaling the agency’s cautious outlook on oil consumption rates. For U.S. and European investors, these growth projections are essential, as they impact the overall market ...

... will eventually connect the two countries and ensure the supply of Russian oil. This was announced by Hungary's Minister of Foreign Affairs and Trade, Péter Szijjártó. According to him, the Hungarian company MOL has already submitted a technical and economic justification for the project, and preliminary territorial planning work is actively underway. The physical construction is expected to begin in late 2025 or early 2026, and the pipeline will be fully operational by 2028. The plan is to deliver ...

... ultra-light low-sulfur oil from the U.S., but for its refining, it needs to be blended with heavier grades of oil, including Russian, the expert adds. This means that regardless of political agreements at the U.S. and India level, there are technical and economic specifics: Indian refineries simply do not require large volumes of American light oil, as it is less efficient without blending with heavier grades of oil. And of course, the main advantage of Russian oil, which has allowed it to become the ...