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An expert explained the sharp increase in the market value of aviation fuel in Russia
... mechanism, Sergey Tereshkin, CEO of the petroleum product marketplace "Open Oil Market" (a resident of Skolkovo), told RIA Novosti.
At the beginning of August, the price of aviation fuel on the St. Petersburg International Commodity and Raw Materials Exchange (SPIMEX) reached a historic high of 84,879 rubles per ton. Earlier on Thursday, the newspaper Izvestia, citing air carriers, reported that the sharp rise in jet fuel prices could pose a risk of localized shortages of this product. At ...
Energy News August 7, 2025: U.S. Pressures India, Petroleum Export, Oil Stabilization
... reserves ahead of winter, while the global energy sector is witnessing a revival in demand for traditional energy resources, such as coal, amid high prices and the need for reliable energy supply. Below are the details of these and other key news from the raw materials and energy sectors.
Washington Doubles Tariffs for India on Russian Oil Trade
The United States has sharply intensified pressure on India, the second-largest global market for Russian oil. On August 6, President Donald Trump signed an order ...
What is Inflation in Simple Terms: Understanding its Impact on Russian Lives
... same amount. This price increase can happen for various reasons, and inflation directly affects people's purchasing power and the economy as a whole.
What Causes Inflation?
The main causes of inflation include:
Rising production costs:
When the cost of raw materials, energy resources, or labor increases, companies raise prices to cover their expenses.
Increased demand:
If people start spending more than usual, this stimulates companies to increase prices for popular goods and services.
Currency exchange ...
The Ministry of Economic Development and the Central Bank of Russia are joining efforts to optimize investments of natural monopolies
... the efficiency of using public and private funds in infrastructure projects. This will ensure sustainable development of the Russian economy and improve the quality of life of citizens.
Commentary from Sergey Tereshkin, founder of the commodity and raw materials marketplace OPEN OIL MARKET
The initiative to optimize investment programs of natural monopolies is a timely and necessary measure. Efficient use of resources in strategically important sectors such as energy and transport directly affects the ...
Silver bonds: what are they and how does the new investment instrument work in Russia?
... economic uncertainty and inflationary pressure, silver bonds can become an important part of the portfolio for those looking for asset protection and the opportunity to preserve capital.
Pre-IPO of the first independent B2B marketplace for oil products and raw materials OPEN OIL MARKET