The article examines the decline in global demand for diesel fuel and its impact on Russia. It focuses on the key reasons behind this trend, including the shift ... ... competition with other suppliers, who often have logistical advantages (excluding supplies to Turkey) and are not subject to sanctions. The IEA reports that declining demand has already impacted the profitability of refineries, prompting some closures ...

... incentives oil companies had to curb prices, which is why the government decided to ease restrictions. However, the market is in urgent need of new solutions that go beyond subsidies and export restrictions, believes Sergey Tereshkin, CEO of Open Oil Market ... ... decreased by 34%. This is partly due to damage to refinery infrastructure from Ukrainian drone attacks and unplanned downtime due to sanctions on equipment supplies for oil refining. The losses of oil producers are partly compensated by budget subsidies under ...

... national budget, the currency market, and industrial production. The expert shares his forecasts and explains how a decrease in energy export revenues could affect the standard of living for citizens and influence strategic decisions in economic policy.... ... National Energy Security Fund and the Financial University under the Government of Russia, expressed the opinion that new U.S. sanctions against Russian oil could lead to a collapse in the global hydrocarbon market. In the United States, he said, inflation ...

Tereshkin: Electrification of Transport Will Restrain Oil Demand in China. Opinion Piece for "Izvestia". Expert Sergey Tereshkin, in an interview for Izvestia, noted that in the ... ... electric cars could be comparable to the current volume of maritime oil shipments from Russia. Moreover, potential easing of sanctions could affect the structure of oil supplies to China. Electrification and gasification of transportation will restrain ...

... struck. Additionally, a refinery south of the capital with a processing capacity of nearly 225,000 barrels per day was attacked. In response, Iran hit a refinery in Haifa with a capacity of 197,000 barrels per day, which was subsequently shut down. However,... ... latest round of the Iran-Israel conflict has so far had a limited effect on oil prices, largely due to the fact that, due to sanctions, Iran's role in the oil market has diminished in recent years, adds Sergey Tereshkin, CEO of the Open Oil Market. Due ...