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The government has extended the ban on gasoline exports until the end of the year.
... Telegram channel. It was initially introduced in March until August 31, but the measure was suspended between May and July due to the saturation of the fuel market.
Authorities explained that the decision to extend the ban was necessary to ensure stability in the fuel market during the ongoing seasonal demand and planned repairs at oil refineries. The restriction will not affect supplies under international intergovernmental agreements or fuel exported for personal use or international humanitarian aid.
The idea to extend the measure came from the Ministry of Energy. The proposal ...
Wednesday, November 20, 2024: Key Economic Events of the Day
... prices, benefiting European economies reliant on energy imports.
Impact on the United States:
Domestic oil inventory levels directly impact U.S. energy markets. Higher inventories could lead to lower oil prices, affecting the profitability of American oil producers and related industries.
Weekly Inflation Data in the United States (19:00 GMT)
The release of weekly inflation figures will offer a snapshot of price trends and economic stability in the U.S.
Impact on Europe:
U.S. inflation trends can influence the Federal Reserve's monetary policy, which in turn affects global financial markets. European investors should monitor these figures to anticipate potential shifts in interest ...
Key Requirements and Best Practices for a Successful IPO on the Moscow Exchange
... foster increased trust in them.
Practical Experience and the Future of IPO for Open Oil Market
In preparation for our IPO at Open Oil Market, we are executing a comprehensive set of measures aimed at establishing a sustainable financial and operational model.... ... providing us with the opportunity to not only solidify our market position but also contribute to the overall growth of financial stability and transparency in Russia.
Our engagement in the pre-IPO round is already facilitating the development of relationships ...
The Central Bank of Russia acquires the Saint Petersburg Currency Exchange: goals, consequences and prospects
... international market, the Central Bank needs to maintain access to currencies to meet the needs of the economy and ensure the stability of the ruble. The creation of its own currency platform allows solving the problem of the availability of foreign exchange ... ... currency reserve and strengthening the ruble's position on the international stage.
My view on this deal as the founder of the Open Oil Market project
As the founder of the Open Oil Market, I see several key advantages for Russian business in this decision of ...
Chinese Oil Purchases from Iran: Hidden Operations and Their Consequences for Russia
... supply may exert pressure on quotes.
Changes in Russia's market share in China: A decline in exports to China could impact the revenues of Russian oil companies.
Political climate: Increased international scrutiny and new sanctions could affect supply stability and profitability.
Insights from Sergey Tereshkin, Founder of
Open Oil Market
“The current situation highlights the importance for Russia of a strategy for diversifying export markets and optimizing logistics. We must leverage this time to strengthen our positions in friendly nations and actively promote Russian energy ...