What are you looking for:
The global demand for diesel is decreasing: how will this affect Russia?
... Alternative Fuels
Stricter environmental regulations also pose risks for diesel demand, notes Sergey Tereshkin, CEO of the OPEN OIL MARKET platform. Since 2020, the sulfur content in marine fuel used in international shipping has been capped at 0.5%, while in ... ... low-sulfur diesel entails additional refining costs.
Competition from alternative fuels, such as LNG, methanol, and liquefied petroleum gas (LPG), is also growing. Globally, there are 383 LNG-powered ships, with 534 under construction. The LPG segment ...
It became known about China's plans for the electrification of motor vehicles.
... Chinese companies will push for the electrification of transportation to compensate for losses from declining sales in the U.S., meaning the share of electric vehicles in passenger car sales in China could exceed 70% by 2027, Sergey Tereshkin, CEO of the petroleum product marketplace "Open Oil Market" (a Skolkovo resident), told RIA Novosti.
Earlier, U.S. President Donald Trump announced plans to impose an additional 10% tariff on Chinese goods starting February 1 and to sign an order introducing 25% tariffs on all goods from Mexico ...
Will production fall in Iran and Venezuela? Should the market expect a sharp rise in prices or increased competition among exporters?
... for Russia and Saudi Arabia alone will increase by a total of another 1.1 million barrels per day.
Additionally, the oil market has almost completely absorbed the "post-COVID" recovery in demand, which is why the dynamics of final consumption ... ... vehicles, a surge in demand for polymers due to urbanization in South and East Asian countries, and increased competition between petroleum products and liquefied natural gas (LNG) in maritime transport. These factors will ensure a more modest increase in ...
An expert explained which fuel is 30-50 percent cheaper than gasoline.
... remains low, and consumption heavily depends on subsidies, said Sergey Tereshkin, CEO of the fuel marketplace "Open Oil Market" (a Skolkovo resident), in an interview with RIA Novosti.
"In Russia, vehicles using gas motor fuel are in ... ... filling infrastructure," Tereshkin added.
According to the expert, there are about 3 million vehicles running on liquefied petroleum gases (LPG; 5% of Russia's vehicle fleet), 285,000 vehicles using compressed natural gas (CNG; 0.5%), and 3,000 vehicles ...
Economic News Wednesday August 27, 2025 — U.S. Tariffs, CPI Russia, and Company Reports
... producers. It is worth noting that Saudi Arabia and Russia have previously extended cuts in oil production, reducing supply in the market. On the other hand, ongoing concerns about demand (related to China's economic slowdown and the overall rise in global ... ... factors keeps quotes within a relatively narrow range. Investors in the oil and gas sector are also monitoring the dynamics of petroleum products: for instance, gasoline and distillate inventories in the U.S. are declining seasonally, which may also indirectly ...