... this year. On the other hand, the connection between the announcement of lifting the export ban and the rise in retail prices is quite questionable—too little time has passed. Moreover, allowing exports should, in theory, improve the economics of oil refineries (ORFs) that supply gasoline abroad. These refineries are well aware that raising prices on the domestic market would be costly for them, as the Federal Antimonopoly Service (FAS) monitors this and imposes fines for violations, regardless of ...

... personal account, you can track the status of all transactions. All documents are stored there as well, eliminating the need to request them from a manager or supplier's accountant. Who sells petroleum products and fuel on the marketplace? These are oil refineries or large traders who work directly with manufacturers. Our multi-step accreditation system, which we initially implemented before even planning the marketplace, has been particularly useful. When placing an order, buyers can review information ...

... in 2023, compared to just 2% in India. "Another factor will be the commissioning of new refineries, which will address the deficit in refining capacity and create additional demand for oil. According to the Energy Institute, in 2023, India's oil refining volumes exceeded the design capacity of its refineries by 3%. The IEA forecasts that by 2030, India's refining capacity will increase by 1 million b/d, positively impacting Russian oil supplies," Tereshkin said. In his opinion, Russian exporters will also benefit from the prolonged stagnation ...

... that the total production of petroleum products in Russia declined by 2.4% (year on year) in the first 11 months of 2024. The situation with fuel production is unlikely to improve in the coming months due to sanctions on the supply of equipment for oil refineries (NPZs). Therefore, the gasoline market will continue to face risks of shortages, according to Tereshkin. Changes in tax legislation could also influence fuel price dynamics in the domestic market. For example, at the end of 2024, the Federal ...

... economics of the transaction by participants in the oil market and lack of the possibility to monitor prices in the market The oil market is not transparent, as it has a significant number of participants, and the initial prices of products provided from oil refineries are not always available for various reasons. This means that there is no possibility of automatic calculation of the profitability of the transaction. The share of fuel costs for some strategically important industries exceeds 50%; therefore,...