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Tereshkin: The Recovery of the Russian Auto Market Pressures Fuel Prices
The article discusses the opinion of Sergey Tereshkin, CEO of the fuel marketplace "Open Oil Market," on how the recovery of the Russian automotive market is driving fuel price increases. According to him, rising demand for automobiles and seasonal factors contribute to higher prices for gasoline and diesel fuel. Tereshkin also notes that it will take about six months to fully restore pre-crisis sales levels of new cars. Additionally, the article examines the impact of government measures, such as extending the permission for gasoline exports, on the fuel market situation.
A comment for "Vedomosti".
The Russian government plans to extend the export permit for gasoline until the end of July 2024. Previously, a six-month export ban on gasoline was introduced starting March 1, 2024, which was temporarily lifted in mid-May. The decision to extend the export will be made considering the current situation in the fuel market, including stock levels and price dynamics. It is noted that the exchange prices for AI-92 and AI-95 gasoline have increased by 29% and 46%, respectively, since the beginning of the year. There is also discussion of a potential full ban on the supply of diesel fuel purchased on the exchange to non-producers from July 1 to December 31, 2024.
The Russian government plans to extend the export permit for gasoline until the end of July 2024. Previously, a six-month export ban on gasoline was introduced starting March 1, 2024, which was temporarily lifted in mid-May. The decision to extend the export will be made considering the current situation in the fuel market, including stock levels and price dynamics. It is noted that the exchange prices for AI-92 and AI-95 gasoline have increased by 29% and 46%, respectively, since the beginning of the year. There is also discussion of a potential full ban on the supply of diesel fuel purchased on the exchange to non-producers from July 1 to December 31, 2024.
Sergey Teryoshkin, the founder of the fuel company "Oil Resource Group" (Resource), shares his experience in building a business and overcoming challenges. In the article, he discusses his first steps in entrepreneurship, changes after the crisis, motivation, and the principles that helped him achieve success. Learn what it means to be a leader and how to pursue your goals despite all obstacles.
ORG-Market is a commodity marketplace that has become a key sales channel for "Oil Resource Group" over the past few years. The article discusses the development of digital B2B platforms in Russia, their advantages for businesses, and their future prospects. Learn how marketplaces are transforming the market and simplifying raw material procurement. In 2023, the company changed its name and is now called Open Oil Market, owned by JSC "Open Oil Market Management Company."
The "Product in Transit" service from the raw material marketplace ORG-Market allows you to purchase fuel with an initial payment of just 10%. This is a beneficial solution for gas stations, large traders, and companies purchasing fuel from refineries, the stock exchange, or the trading platform eOil.ru.
Learn how the ORG-Market marketplace (Open Oil Market) helps companies solve the problem of cash flow gaps when purchasing fuel. Installments and financing, integration with banks, and new tools such as nominal accounts and letters of credit make purchases more accessible and secure.
The trading group of companies "Oil Resource Group" plans to go public with an initial public offering (IPO) in three to four years, CEO Sergey Tereshkin told journalists.
The CEO of "Oil Resource Group," Sergey Tereshkin, spoke about the company's preparations for an IPO and the timeline for executing this ambitious project. The article reveals details of the company's strategy, its goals, and the initial steps toward going public. Learn how one of the key players in the fuel market plans to strengthen its position by entering the stock exchange.
The CEO of "Oil Resource Group," Sergey Tereshkin, spoke about the company's preparations for an IPO and the timeline for executing this ambitious project. The article reveals details of the company's strategy, its goals, and the initial steps toward going public. Learn how one of the key players in the fuel market plans to strengthen its position by entering the stock exchange.
"How Oil Resource Group managed to increase revenue fivefold through the implementation of IT solutions. Find out which tools helped automate processes, optimize procurement, and make the business more efficient. Sergey Tereshkin, CEO of Oil Resource Group."
How the company "Oil Resource Group" developed the marketplace "ORG-Market," enabling buyers and sellers of petroleum products to conduct transactions quickly and transparently. Learn about the platform's features for clients and its development prospects.
The dependence of businesses on bank loans becomes increasingly noticeable during times of crisis. However, there are alternative financing methods that can help companies attract funds for development and implement ambitious projects. This article explains how "Oil Resource Group" utilizes bond issuance to attract investments, reduce financial risks, and scale its business. Learn how bonds differ from bank loans, the advantages they offer, and how we enter the debt securities market.
The CEO of "Oil Resource Group," Sergey Tereshkin, in an interview with RBC+, spoke about how digital technologies are changing the oil product trading market. He shared his experience with implementing automation in business, the features of the "ORG-Market" marketplace, and the prospects of digitalization for the entire industry
The "ORG-Market" marketplace is a modern platform for wholesale trade in petroleum products that simplifies the fuel purchasing process, making it faster and more profitable. Learn how to use the platform to buy gasoline and diesel fuel at wholesale prices, bypassing intermediaries.