... According to the analytics firm Kpler, over 90% of Iran’s oil exports go to China, with most being purchased by small private refineries ("teapots") located in Shandong province. Interestingly, these refineries account for over 20% of China’s refining capacity. In recent months, Blokhin points out, independent Chinese refineries have been cutting back on Iranian oil purchases: their total imports in May fell to 1.25 million barrels per day, 27% less than 1.72 million barrels per day in April, and 35% lower than in March, when purchases were 1.91 million barrels per day. He states that more than a third of the ...

... oil companies from the budget for supplying fuel to the domestic market at prices below export levels) amounted to 42.5 billion rubles – 32% less than the previous month and 79% less than in May 2024. The reduction in subsidies leads to a decline in oil refining margins. In this situation, oil companies have no choice but to compensate for losses through higher exchange prices. It is worth noting, however, that the damping mechanism depends on petroleum product quotations in Europe, as well as the exchange ...

... imposition of the export ban, fuel prices at gas stations are gradually increasing, although the rate of price growth has slowed compared to June peaks. To stabilize the situation, the government is implementing budgetary support mechanisms. In particular, oil refining plants (NPPs) are receiving compensation through the damping mechanism—subsidies that mitigate the discrepancy between high global prices and fixed domestic fuel prices. In July, the amount of damping payments reached approximately 60 billion ...

... shortage, they adjust the price accordingly. — What main technologies are used today for trading relationships in the oil products market? What are the market prospects? — We see the widespread implementation of digital technologies in both oil extraction and refining. When we began developing digital sales technologies, the picture was different: IT technologies were too expensive and not very understandable. As they say, the benefits were not proven, but the harm was obvious. However, recently, the situation ...

... does not account for AI-95 gasoline or winter-grade diesel. According to Sergey Tereshkin, CEO of the OPEN OIL MARKET fuel and raw material marketplace, the fact that the exchange price for AI-95 is not included in the damping calculations gives oil companies the opportunity to increase refining margins without the threat of losing subsidies. This explains the more than 20% difference between the exchange prices of AI-92 and AI-95 that has arisen recently. He also clarifies that the period from August to September is traditionally ...