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Under what conditions could the surviving line of the "Nord Stream" operate
A Frosty Winter Could Revive Gas Transit via Nord Stream. Analysis by OPEN OIL MARKET’s Tereshkin for the Vzglyad Newspaper.
The article explores the conditions under which the remaining branch of the Nord Stream 2 pipeline could become operational, considering the current state of the European gas market. It examines factors ...
An expert explained the sharp increase in the market value of aviation fuel in Russia
... Payments (Prime News Agency)
In August 2024, the price of jet fuel on the Saint Petersburg International Mercantile Exchange reached a record 84,879 rubles per ton. Sergey Teryoshkin, General Director of the petroleum products marketplace "Open Oil Market," explained this surge by citing the lack of incentives for oil companies to restrain jet fuel prices due to the specifics of the damping mechanism. Unlike automotive fuel, where the government compensates producers for the difference between ...
Economic Events Calendar for the Week of December 16–20, 2024
... unemployment rate in the UK, business activity indices in Germany and the Eurozone, as well as central bank decisions from the Federal Reserve, the Bank of England, and the Bank of Russia. These events are expected to have a significant impact on financial markets, providing crucial signals for investment strategy adjustments.
Economic Events Calendar for the Week of December 16–20, 2024
Monday, December 16
05:00
China:
Retail Sales (YoY) for November: Previous — 4.80%, Forecast — 4.60%.
Industrial ...
"VC.RU: 'How We Increased Revenue Fivefold with the Help of IT Solutions"
... make the business more efficient. Sergey Tereshkin, CEO of Oil Resource Group."
How We Increased Revenue Fivefold with IT Solutions
"Oyl Resource Group" was a small company relying on manual labor and low efficiency.
To become a market leader, we had to master IT from scratch: hire employees, develop tools tailored to our needs, and offer clients new services. Read more about our mistakes and successes in the article.
The company "Oyl Resource Group" was founded ...
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 ...