... role for the financial performance of Russian Railways compared to coal, the loading of which is also declining. In the first half of 2024, coal loading decreased by 5.5% (to 169.2 million tons) compared to the same period in 2023. NOTE: OPEN OIL MARKET is the first independent B2B marketplace for petroleum products and raw materials. The company was founded in 2021 and now unites over 2,600 suppliers and buyers in the small wholesale market. In 2023, the marketplace's turnover was 5.9 billion rubles. The OPEN OIL MARKET platform is a resident ...

... intergovernmental agreements within the Eurasian Union. Experts believe that this ban is temporary: by autumn, with the end of seasonal work, the situation is expected to normalize, and exports will return to the usual mode. Nevertheless, for the global petroleum product market, this is a signal: even one of the largest exporters is willing to limit external sales to keep domestic prices under control, highlighting local imbalances in different parts of the world. In the US , the picture is opposite – the fuel market ...

... Russia Declining? In 2024, Rosstat stopped publishing weekly and monthly statistics on the production of automotive gasoline and diesel in Russia, forcing industry participants to rely on indirect indicators of fuel output. Analysts from OPEN OIL MARKET analyzed the main available indicators and found that: Marine exports of petroleum products have decreased the most this year — by nearly a quarter. This indicator is influenced by factors such as unscheduled refinery repairs and other geopolitical events. According to S&P Global Platts, marine shipments of petroleum ...

..., the launch of a mobile application, and the creation of the raw materials marketplace "ORG-Market" have helped the company significantly reduce costs, increase revenue, and reach a new level. Learn why digitalization is the future of the petroleum market and how new technologies make the trading process more transparent and beneficial for all participants. Sergey Tereshkin, CEO of Oil Resource Group The Russian commodities market is considered conservative. However, even here, it is understood ...

... 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 exports, will inevitably impact budget revenues. "A drop in the price of Urals to below $60 per barrel poses risks to oil and gas revenues, even though oil production has plateaued. In August 2024, according to EIA data, oil ...