... 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 ...

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 ...

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 ...

... evident: Asian countries have transformed into the key market for Russian oil, displacing Europe. Below is a detailed overview of key events and trends in the oil, gas, power generation, and other sectors of the energy complex as of August 3, 2025. Oil Market: Brent Stable at Highs, Demand and Supply in Delicate Balance Global oil prices ended the week near multi-week highs. The North Sea Brent blend is trading around recent peaks (~$72–73 per barrel, above the psychologically important mark of $72)....

... 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 ...