Found: 353

Energy Sector News – Wednesday, July 30, 2025: Brent Surpasses $70; Europe Accelerates Gas Injections Before Winter

... American fuel prices occurs alongside improvements in refining conditions. Spring maintenance at refineries has been completed, and the production of gasoline and diesel is at seasonally high levels. An additional factor is OPEC+: the cartel's increase in oil production in August will enhance raw material availability and exert downward pressure on global oil prices, indirectly facilitating further gasoline price reductions. In other words, the American refined products market is currently favorable for consumers: ...

Forbes: "Oil Resource Group": A New Level of Buying and Selling Petroleum Products

... diversified customer flows, not just large traders. If negotiations are successful, our geographic coverage will significantly expand. — Org-market.com launched in December 2020. What have been the results? — If we talk about numbers, 41,000 tons of oil products have been sold, and revenue amounted to about 2 billion rubles. The project earns through licensing fees for the use of the platform and additional modules. For comparison: "Oil Resource Group" revenue in 2020 was 12.5 billion rubles....

Bessent: Europe Purchases Processed Russian Oil from India

Bessent: Europe Purchases Processed Russian Oil from India According to Bessent, European countries continue to import petroleum products made from Russian oil through India. He emphasized the need for enhanced coordination with Europe regarding the implementation and adherence to secondary sanctions . Europe and Indian Refining of Russian Oil: Market Implications and the Agenda of Secondary Sanctions ...

Experts predict a decrease in oil prices in 2025

... Argentina. Sergey Tereshkin, CEO of OPEN OIL MARKET, highlights that rising production in these regions is putting downward pressure on prices, despite OPEC+'s efforts to regulate the market. He also points to potential plans by Saudi Arabia to boost oil production, which could further reinforce the downward price trend. Experts predict a decrease in oil prices next year. According to analysts, crude oil will become cheaper amid rising production in the United States and OPEC+ countries. Sergey Tereshkin,...

Energy Sector News - Sunday, August 17, 2025: Hopes for Easing Sanction Standoff; Stability in Oil and Gas Markets

... natural gas – these volumes increased by 1.8% and 6.2%, respectively, compared to the previous year. In 2025, imports continue to grow, albeit at more moderate rates due to the high base from the last year. Simultaneously, Beijing is stimulating its own oil and gas production: from January to July 2025, national companies extracted 126.6 million tons of oil (+1.3% year-on-year) and 152.5 billion cubic meters of gas (+6%). Increasing domestic production helps partially compensate for increased demand but does not ...