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The global demand for diesel is decreasing: how will this affect Russia?
... companies (VIOCs), which can distribute costs across segments, shifting them from refining to more profitable activities like extraction. Additionally, Russia's tax system supports domestic refiners by compensating part of their expenses for modernization, investments in refining, and fuel supply to the domestic market. This shields Russia somewhat from global trends but intensifies competition for market share.
Market Challenges and Opportunities
Konstantin Simonov, head of the National Energy Security Fund, cautions against drawing definitive conclusions from short-term data. Diesel has strengths—such as fuel efficiency—but faces strategic challenges, including being perceived as noisy and environmentally unfriendly. For instance, last year, even ...
Buyers Battle for Russian Oil in Europe
... Yushkov, an expert at the Financial University under the Government of the Russian Federation and the National Energy Security Fund (FNES).
However, Hungary has secured the right to receive Russian oil via the Druzhba pipeline. Now, to deliver Russian oil ... ... and reduce sanction risks. However, they offered a ridiculously low price.
“Gazpromneft bought this plant at a higher price, investing even more in modernization, turning the NIS refinery into one of the most technologically advanced in Europe, while ...
Current Situation: The USA Aims to Capture up to 70% of the European Energy Market
... previously promised 30%. In return for the reduced tariff, the EU agreed to allow duty-free imports of U.S. goods, increase investments in the country to $600 billion, and guarantee demand for military equipment and energy resources. Regarding energy ... ... role as a Washington satellite, believes the expert. Alexey Grivach, Deputy Director General of the National Energy Security Fund, asserts that the U.S.-EU agreement is primarily a public relations maneuver. “During his previous presidential term, Trump ...
The Circle: What Do the Russian Government's Plans to Allow Gasoline Exports Mean?
... ten months of 2024, damper payments increased by 36% to 1.544 trillion rubles, and payments from the reverse excise tax and investment surcharge grew by 51% to 1.532 trillion rubles. In total, subsidies amounted to almost 3.1 trillion rubles, which is ... ... With high debt market rates, almost all of this gap will need to be financed from the liquid portion of the National Wealth Fund (NWF), which by the end of the year will have less than 3 trillion rubles left.
The "half-and-half" damper
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