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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 ...
The oil market will become oversupplied by the end of 2024.
... Administration (EIA), in the second quarter of 2024, global oil supply exceeded demand by 590,000 barrels per day. By the end of the year, this surplus is expected to narrow to 300,000 barrels per day.
Sergey Tereshkin, CEO of the OPEN OIL MARKET platform for oil products and raw materials, explains this trend with the following factors:
Easing of OPEC+ quotas: Saudi Arabia, Russia, and other alliance members plan to increase oil production by December 2024, adding an extra 540,000 barrels per day to the market....
FEC News – Sunday, August 3, 2025: Brent around $73; Asia Becomes Main Market for Russian Oil Exports
... calm due to record replenishment of fuel stocks in underground storage ahead of winter. At the same time, regulators and market participants are taking measures to maintain balance: as of August 1, the OPEC+ alliance has initiated a planned increase in oil production to avoid supply shortages, while the U.S. Federal Reserve’s decision to keep interest rates unchanged signals stability in macroeconomic conditions and supports investor optimism. In Russia, an emergency ban on gasoline exports remains in ...
Energy Sector News – August 9, 2025: India Responds to US Pressure, Stabilization of the Oil Market
... exceeded the established quota (by approximately +27 thousand barrels per day over the limit). This minor excess may reflect an intent to maximize benefit before further tightening of quotas or anticipation of a softening of the deal. Nevertheless, Russian oil production remains below previous year levels, and exports have been redirected eastward: China, India, Turkey, and other CIS countries have increased purchases of Russian crude, albeit at reduced prices. Should sanctions pressure persist, Russia's focus ...
The share of oil and gas revenues in the 2024 budget is growing beyond the planned levels.
... January–September 2024, their share had further declined to 2.5%.
The role of AIT in the budget is growing. AIT's share of oil and gas revenues increased from 11.4% in 2022 to 13.9% for January–September 2024.
Most oil and gas revenues come from oil production, processing, and exports. In 2022, the oil sector accounted for 66.5% of total oil and gas revenues, increasing to 77.7% for January–September 2024. Gas extraction and export taxes contributed 30.2% in 2022, falling to 16.3% for January–September ...