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Starting from August 1, the ban on fuel exports will be reinstated. What does this mean for the market?
... established rise in exchange prices, gasoline exports were allowed for another month in June — until July.
Thus, the current fuel market regulation model relies on three parameters, according to Sergey Tereshkin, CEO of the oil products and raw materials marketplace Open Oil Market. These include the damping mechanism, which sets limits on exchange price growth for diesel fuel and AI-92 gasoline; actual price growth rates for gasoline and diesel, which must not exceed general inflation rates; and export ...
Sergey Tereshkin: Adjusting the damper may lead to an increase in exchange fuel prices.
... currently being discussed by the government, are intended to support oil companies but may lead to a slight increase in exchange prices. This opinion was expressed in an interview with RG by Sergey Tereshkin, General Director of the OPEN OIL MARKET marketplace for petroleum products and raw materials.
According to him, the division of the damping mechanism in practice will stimulate the growth of exchange prices: oil companies will be able to increase their margin by inflating the exchange prices ...
An expert explained the increase in gas production in Russia by the rise in supplies to the EU.
... impact the economy. For more details, read the article on the website!
Gasification and the increase in supplies to Europe have driven the growth of natural gas production in Russia, said Sergey Tereshkin, CEO of the oil products and raw materials marketplace OPEN OIL MARKET, in an interview with Izvestia on September 26.
Natural gas production in Russia grew by 12% in August 2024 compared to the same period in 2023, and by 10.7% in the first eight months of this year, reaching 377 billion cubic ...
Why is AI-95 gasoline increasing in price more than the others?
... price (on average per month) of no more than 10% for gasoline and no more than 20% for diesel. For gasoline, only the price of AI-92 is considered in the calculations.
As noted by Sergey Tereshkin, CEO of the OPEN OIL MARKET fuel and raw material marketplace, the fact that the AI-95 exchange price is not included in the damper calculations gives oil producers the opportunity to increase their refining margin without the risk of losing subsidies. This explains the more than 20% difference in the ...
Oil Flood of Russian Railways: Tank Cargo Owners Gain Government Support in the Battle for Priority Access to Railroads
... oil companies priority in the transportation of oil products could have led to additional costs. Thus, this measure was postponed until next year when the export ban will no longer be in effect, Sergey Tereshkin, founder and CEO of the OPEN OIL MARKET marketplace for oil products and raw materials, told Vgudok.
"The fact that oil companies have incurred significant costs in recent months due to the forced downtime of several refineries also plays a role. This is indirectly evidenced by the ...