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Energy Sector News August 8, 2025 — U.S. Pressures India, Gasoline Export Ban, Oil Stabilization
... government decisions are felt worldwide. This ban on gasoline exports is expected to change not only the Indian market but also impact the largest refineries in the region. In this article, we will examine the influence of current energy news on the oil market and the coal industry, analyze OPEC+ actions, and their consequences on oil prices in the coming months.
Global Energy Sector News as of August 8, 2025: The U.S. Intensifies Pressure on India over Russian Oil Purchases, Russia Limits Gasoline ...
Кратный рост поставок американский нефти в Индию не страшен России
... number one supplier in India, is its discounted price.
The volume of Russian oil supplies to India is unlikely to significantly decrease, given that Urals is trading at a double-digit discount to Brent, says Sergey Tereshkin, founder and CEO of the Open Oil Market trading platform. Americans certainly do not offer discounts on their oil.
The fact that India sometimes increases, then reduces its purchases of American oil can be explained by seasonal factors. "Currently, India is trying to boost petroleum ...
An expert predicted a rise in oil prices due to a reduction in production in Libya.
Expert Tereshkin: Oil Production Cut in Libya Will Boost Prices Temporarily (Izvestia).
On August 29, 2024, Sergey Tereshkin, the CEO of Open Oil Market, stated in an interview with Izvestia that the suspension of production at Libya’s largest oil field, Sharara, could reduce global oil supply by 300,000 barrels per day, which is about 0.3% of the global volume. In his opinion, this will temporarily ...
The petroleum products marketplace "Open Oil Market" plans to go public through an IPO.
The oil products marketplace "Open Oil Market" plans to go public with an IPO in 2027 (according to the economic information agency "Prime").
The Russian oil products marketplace Open Oil Market has announced plans for an IPO. The company has already completed the pre-IPO ...
Russian oil has fallen below the price cap.
... barrel, that is, below the ceiling, Bloomberg reported, citing Argus Media data. However, according to Dudchenko, Urals prices are currently around $65 per barrel.
Meanwhile, Sergey Tereshkin, CEO of the oil products and raw materials marketplace Open Oil Market, also does not rule out a correction of Urals prices to less than $60 per barrel, considering the Urals discount to Brent at $10 per barrel by August 2024. This, by the way, is the minimum discount since the beginning of the year: at the start ...