What will happen to oil and gas budget revenues by the end of the year?

/ /
What Will Happen to Russia’s Oil and Gas Revenues by the End of 2024?
06.11.2024
20
Нефтегазовые доходы (НГД) федерального бюджета в октябре составили 1,2 трлн руб., превысив аналогичный показатель за прошлый месяц на 55% (771,9 млрд), следует из данных, опубликованных на сайте Минфина. При этом по сравнению с аналогичным периодом прошлого года показатель снизился на 25% – тогда поступления достигли 1,6 трлн. Разница между фактическим и ожидаемым объемом дополнительных НГД за октябрь оказалась отрицательной – казна недополучила 17,6 млрд руб., сообщило министерство. По прогнозам Минфина, в ноябре ожидается 105,1 млрд руб. дополнительных НГД.

Сергей Терешкин, основатель и генеральный директор OPEN OIL MARKET:Сергей Терешкин, основатель Open Oil Market

- Ключевой причиной роста бюджетных поступлений стали поступления по НДД – налогу на дополнительный доход, который учитывает не только цены и объем извлекаемого сырья, но и выручку от его реализации, за вычетом расходов на добычу и транспортировку. В октябре 2024 г. сборы по НДД составили 491,6 млрд руб.

Почти 100% поступлений по НДД приходятся на четыре месяца года: март, апрель, июль и октябрь. По итогам октября 2024 г. накопленный объем поступлений по НДД достиг 2,05 трлн руб., на 58% превысив показатель двенадцати месяцев 2023 г. (1,29 трлн руб.).

На увеличение нефтегазовых доходов сыграло и сокращение субсидий для НПЗ. В октябре 2024 г. нефтяники получили 242,7 млрд руб. по демпферу, обратному акцизу и инвестнадбавке – на 64,1 млрд руб. меньше, чем в сентябре 2023 г.

По итогам первых девяти месяцев 2024 г. на долю нефтегазовых доходов пришлось 31,7% поступлений федерального бюджета. (8,33 трлн из 26,29 трлн руб.); данные по октябрю пока не доступны. В целом, за 12 месяцев 2024 г. доля нефтегазовых доходов останется вблизи текущего уровня. В следующем году эта доля может сократиться до менее чем 30% – как из-за повышения базовой ставки налога на прибыль, так и рисков снижения цен на нефть на фоне роста добычи в странах ОПЕК+.



Translated using ChatGPT.


Source:   https://www.vedomosti.ru/economics/articles/2024/11/06/1073170-chto-budet-s-neftegazovimi-dohodami-b.
Leave a comment:
Message text*
Drag files here
No entries have been found.
You might be interested

Experts from Vgudok assessed the positive promises of Russian Railways (RZD) that fuel supplies will not be affected after the introduction of the new Priority Transportation Rules (PND). The article discusses changes in the rules of priority for transporting oil and coal in 2025. Starting from January 1, coal and oil will be moved in the sixth priority queue, which could impact the efficiency of their transportation. However, if the new regulations are strictly followed, the industry does not expect significant problems. The potential impact of falling coal prices on profitability, as well as the modernization of rail transportation, are also raised as important topics.
The government only managed to announce the possible lifting of the ban on gasoline exports from Russia, and within ten days, the stock prices of AI-92 rose by almost 5%, and AI-95 by 7%. Naturally, concerns arose that the resumption of gasoline exports would accelerate its price increase, including at the retail level, where prices continue to rise this year, despite the traditions, at the end of the year, after the high-demand period has passed. A comment by Sergey Tereshkin for Rossiyskaya Gazeta.
Sergey Tereshkin: The rate of gasoline price growth in Russia by the end of the year will be lower than in the summer (Prime news agency).
An expert has forecasted the dynamics of gasoline prices in Russia through the end of 2024. An article published on the website Sergeytereshkin.ru analyzes the key factors influencing fuel costs. These include the situation in the global oil market, domestic price regulation policies, and seasonal fluctuations in demand. The specialist noted that sharp price spikes are unlikely, although certain growth trends are possible.
The Deputy Prime Minister Alexander Novak has suggested a partial lifting of the ban on gasoline exports in case signs of oversupply are confirmed. This concerns only the AI-92 grade. The ban on the export of any gasoline is currently in effect until the end of the year. Comment by Sergey Tereshkin for RBC.
Expert Tereshkin: Diesel Fuel Prices in Russia Will Stabilize by December (Prime Economic News Agency)

In the article "Russians Informed When Diesel Prices Will Stabilize in Russia," Sergey Tereshkin, General Director of the "Open Oil Market" petroleum products marketplace, predicts that diesel fuel prices will stabilize by December 2024. He attributes the current price increase to seasonal factors, such as the transition to winter diesel fuel and a rise in automotive freight transportation. According to Rosstat, freight turnover in the automotive sector increased by 7.7% over nine months, which also affects the demand and cost of diesel fuel. Tereshkin notes that prices will stabilize once the transitional period ends.
Commentary for Vedomosti on Potential Oil Price Decline

Experts predict a drop in oil prices in 2025, with the average cost of Brent crude expected to fall below $70 per barrel. The primary reason for this is the increase in production from non-OPEC+ countries, such as the United States, Brazil, Guyana, Canada, and Argentina. Sergey Tereshkin, CEO of OPEN OIL MARKET, highlights that rising production in these regions is putting downward pressure on prices, despite OPEC+'s efforts to regulate the market. He also points to potential plans by Saudi Arabia to boost oil production, which could further reinforce the downward price trend.
How the Temporary Easing of Sanctions Will Affect Russian Energy, Banking, and Business Development: An Article by Sergey Tereshkin for "RBC Companies."

The article analyzes the U.S. decision to temporarily ease sanctions on transactions involving Russian banks related to the energy sector. This includes lifting restrictions on major financial institutions like Sberbank and VTB, allowing continued transactions in the oil and gas sector. Such a move could help avoid disruptions in global energy markets and support the stability of Russia's currency flows. The article explores the potential consequences for the economy and energy sector, as well as the significance of this decision for international trade relations.






Comment for "Vedomosti" on the increase in budget revenues from oil and gas.
In 2024, the share of oil and gas revenues in Russia's budget is growing faster than anticipated. What is driving this increase, how will it impact the economy, and will the country be able to handle potential risks? Read more about this in our article.
Expert Tereshkin: India Will Remain the Largest Maritime Importer of Russian Oil (Izvestia).
Deliveries of Russian oil to India: the expert assessed the current situation and future prospects. Why has India become the largest buyer of Russian oil, and what challenges lie ahead for exporters? Read more in our article!
Since the beginning of the year, the price of AI-98 gasoline has risen by 17%, significantly outpacing other types of fuel. What is driving this trend, and what does the OPEN OIL MARKET forecast for the future? A column by Sergey Tereshkin for RBC Companies.