... not exceed 5-7% and do not ensure profitability for gas stations not part of vertically integrated companies (about half of gas stations in Russia). Therefore, retail prices are not decreasing along with wholesale prices. Inflation, rising costs in production, transportation, and fuel sales contribute to the price increase, the expert explains. Additionally, the rise in gasoline prices is attributed to the fact that the export ban was lifted for only two months, according to Sergey Tereshkin, CEO of the OPEN OIL MARKET platform. Oil companies understand that after January 31, 2025, the foreign market will again be closed, so they have ...

... unit commenced on February 28, 2022, with the pouring of the first concrete. Chinese Interests in Russia Chinese corporations primarily participate in overseas projects focused on exporting energy resources to China, notes Maxim Malkov, head of the oil and gas sector practice at Kept. Chinese partners' equity involvement ensures stable supplies of fuel and energy resources to China. For instance, in Novatek's Yamal LNG project, Chinese CNPC and the Silk Road Fund hold 20% and 9.9% stakes, respectively, ...

... interventions, and if that doesn't work, they may take concrete actions," believes Alexander Shepelev. Additionally, he adds, oil prices could rise due to various factors, such as local accidents, logistical bottlenecks, weather disruptions in oil and gas regions, and more. Moreover, the market may be underestimating the role of geopolitics, which may bring further surprises, including in the Middle East, says Shepelev. The drop in oil prices, as well as the reduction in oil and petroleum product ...

... Turkey could profit," Yushkov notes. Nevertheless, Gazprom faces potential losses of up to 25 billion cubic meters of gas, which could necessitate production cuts, affecting the Russian budget due to reduced taxes and export duties. While these losses are smaller compared to the 130 billion cubic meters lost earlier, they remain significant ... ... sanctions package, its implementation might be delayed until 2026," Yushkov predicts. Sergey Tereshkin, CEO of Open Oil Market, adds that a complete LNG ban is unlikely before the end of the winter season (March 31), as Russian LNG helps Europe ...

... impact consumers and producers, increasing the cost of their products and services. As the author of this article and CEO of Open Oil Market, I believe that such a replacement will require significant investments in infrastructure and will be accompanied by high transportation costs, which may create serious obstacles to the rapid implementation of these plans. It is important for us, entrepreneurs, to understand that Russia offers competitive terms for gas supplies, while supplies from the United States are associated with additional logistical difficulties, which are inevitably ...