.... However, significant changes in the wholesale and exchange segments are unlikely, mainly due to declining profitability. According to the latest data from Rosstat, the net profits of Russian oil refineries fell by 61.5% in the first five months of 2025, amounting to RUB 521.5 billion. Such a drastic decline is largely attributed to a reduction in subsidies for oil producers. While the payments under the "damping" mechanism (compensations from the budget for fuel supplies to the domestic ...

... 2024, the share of oil and gas revenues in the budget may exceed the planned level due to narrowing price discounts on Russian oil compared to global benchmarks. Experts estimate that the share could reach 32% by year-end. However, the draft budget for 2025–2027 projects a gradual decline in oil and gas revenues, from 11.3 trillion rubles in 2024 to 9.8 trillion rubles in 2027. At the same time, total budget revenues are expected to grow, driven by non-oil and gas revenues. This decline is partly ...

... will bring. If temperatures drop significantly, prices could stay elevated or spike. Ukrainian Transit Risks Another major factor is the uncertainty surrounding gas transit through Ukraine, especially with the transit agreement expiring in January 2025. Market players are already buying futures to hedge against potential disruptions. Asian Competition Intense competition with Asian buyers for LNG also affects prices. “If Asian demand rises, they can outbid Europe for LNG supplies, forcing ...

... Portfolio - 90% of Investors Are Wrong! How to Diversify a Portfolio Properly Do you want to protect your investments from risks and increase profitability? In this video, I will analyze in detail the strategies for diversifying an investment portfolio for 2025. Video from Rutube: Investment Portfolio - 90% of Investors Are Wrong! How to Diversify a Portfolio Properly

... Russia. Allegedly, India started to turn away from Russian oil to avoid U.S. sanctions, which at the beginning of the year included a new batch of shadow fleet vessels in the sanctions list. Bloomberg also wrote off Russian oil, stating that by February 2025, India had brought its purchases of Russian oil to the lowest level since January 2023, indicating the "effectiveness of American sanctions aimed at disrupting supply chains." Moreover, the Western agency forecast that in the upcoming two ...