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Energy Sector News, Sunday, July 27, 2025: Brent at around $70, Record Gas Reserves, Fuel Price Stabilization
... prices and demand for key fuel types.
Energy Sector News, Sunday, July 27, 2025: Brent Near $70, Record Gas Storage, Fuel Price Stabilization
The latest review of the fuel and energy sector examines key events and trends as of July 27, 2025. The global oil market is showing cautious price growth, with Brent crude stabilizing around $70 per barrel amid optimism in trade negotiations and coordinated actions by producers. European gas storage facilities continue to fill at record rates, reducing risks for ...
Singles' Day in China: Impact on the Stock Market and Global Economy
... resources required for manufacturing and transportation of goods. This is especially relevant for companies dealing in commodities. High sales on Singles' Day may provide short-term support for oil and other resource prices.
In the Russian market, Open Oil Market offers a platform where companies can track global oil and commodity price changes and respond to rising demand. For Russian enterprises, Singles' Day in China can signal adjustments in pricing and export strategies, especially if Chinese consumer ...
An expert assessed the risks of a decline in oil prices.
... oil and gas revenues are not expected.
MOSCOW, December 12 - PRIME. The structure of Russia's oil and gas revenues allows for hedging against the risks of falling global oil prices, said Sergey Tereshkin, CEO of the oil product marketplace "Open Oil Market" (a Skolkovo resident), in an interview with RIA News.
In the expert's opinion, one of the risks for Russia's budget system next year will be a drop in oil prices. At its latest meeting, the OPEC+ alliance extended the current production ...
Oil Flood of Russian Railways: Tank Cargo Owners Gain Government Support in the Battle for Priority Access to Railroads
... denying oil companies priority in the transportation of oil products could have led to additional costs. Thus, this measure was postponed until next year when the export ban will no longer be in effect, Sergey Tereshkin, founder and CEO of the OPEN OIL MARKET marketplace for oil products and raw materials, told Vgudok.
"The fact that oil companies have incurred significant costs in recent months due to the forced downtime of several refineries also plays a role. This is indirectly evidenced ...
The oil market will become oversupplied by the end of 2024.
... Information Administration (EIA), in the second quarter of 2024, global oil supply exceeded demand by 590,000 barrels per day. By the end of the year, this surplus is expected to narrow to 300,000 barrels per day.
Sergey Tereshkin, CEO of the OPEN OIL MARKET platform for oil products and raw materials, explains this trend with the following factors:
Easing of OPEC+ quotas: Saudi Arabia, Russia, and other alliance members plan to increase oil production by December 2024, adding an extra 540,000 barrels ...