... temporary export ban and return to previous rules. This year, the crisis is linked to the risk of fuel shortages and the long-term impact of sanctions, which was not as noticeable in 2022-2023: due to restrictions on equipment supplies for refineries, oil producers have no ability to quickly ramp up product output. Technological problems are compounded by the gradual depletion of the budget's safety cushion. The federal budget deficit for January-October 2024 was 220 billion rubles, and by the end of the year, it is expected to grow to 3.3 trillion ...

How Digital Services are Changing Audience Behavior Patterns in the B2B Segment – A Case Study of the OPEN OIL MARKET Fuel Marketplace. Interview with Sergey Tereshkin for "RBC Companies". Does the oil products market need a marketplace? After all, there are still no striking examples of profitable B2B trading platforms in Russia. Oil products, primarily diesel fuel and gasoline, represent a vast market. For instance, they account for about 30% of ...

... around $68 per barrel, gradually increasing in price amid expectations of inventory reductions and the extension of voluntary production restrictions by key 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 interest rates) somewhat limit price growth. The balance of these factors keeps quotes within ...

... that the quality of the crude meets buyer requirements," said Sergey Tereshkin, General Director of Open Oil Market. Moreover, there is nothing catastrophic about chlorine contamination in oil. While organic chlorides are generally used to boost oil production, exceeding their limits in crude can harm oil refineries. "When chlorinated organic compounds got into the Druzhba pipeline, what did we do? We quickly pumped all this oil into storage tanks, as there are many storage capacities along ...

..., while keeping prices the same, will be challenging. “This is highly unlikely, as such rapid growth in U.S. oil and gas production and exports is not feasible. For instance, the U.S. Energy Information Administration (EIA) forecasts that domestic oil production will increase by only 400,000 barrels per day this year to 13.61 million, and reach 13.76 million barrels by 2026. This growth is insufficient for a substantial increase in energy resources sold to Europe,” states the expert. A similar situation ...