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Multi-Sided Platform For Instant Purchases And Sales In Commodity Markets
... mutually beneficial relations between sellers and customers of oil products in the long term. One of the possible courses of events is the use of the principles of the digital economy, which are expressed in the development of digital platforms for the oil market. Within the framework of this article, the authors were faced with the following question: is the development of a multi-sided platform for instant purchases and sales in commodity markets promising? The research revealed that a total of 8 promising ...
Oil Market Outlook: Projections and Insights from the IEA Report for Investors
The International Energy Agency (IEA) has released its latest report on the global oil market, highlighting key insights for investors. The report discusses projected demand growth, supply forecasts, and the role of OPEC+ in stabilizing prices. Additionally, the IEA forecasts a potential oil surplus in 2025, signaling possible price pressures ...
How is Open Oil Market changing the approach to buying fuel?
Open Oil Market takes the B2B fuel supply market to a new level. The article reveals how the platform makes the fuel purchasing process more transparent, convenient and cost-effective, helping businesses optimize costs, reduce transaction time and gain access ...
Кратный рост поставок американский нефти в Индию не страшен России
... number one supplier in India, is its discounted price.
The volume of Russian oil supplies to India is unlikely to significantly decrease, given that Urals is trading at a double-digit discount to Brent, says Sergey Tereshkin, founder and CEO of the Open Oil Market trading platform. Americans certainly do not offer discounts on their oil.
The fact that India sometimes increases, then reduces its purchases of American oil can be explained by seasonal factors. "Currently, India is trying to boost petroleum ...
An expert predicted a rise in oil prices due to a reduction in production in Libya.
Expert Tereshkin: Oil Production Cut in Libya Will Boost Prices Temporarily (Izvestia).
On August 29, 2024, Sergey Tereshkin, the CEO of Open Oil Market, stated in an interview with Izvestia that the suspension of production at Libya’s largest oil field, Sharara, could reduce global oil supply by 300,000 barrels per day, which is about 0.3% of the global volume. In his opinion, this will temporarily ...