... growth in exports. Russia's Oil Exports to Increase by Over 10% by Year's End, Says Open Oil Market CEO Sergei Tereshkin Russia's oil exports are expected to grow by more than 10% by the end of the year, according to Sergei Tereshkin, CEO of the petroleum products marketplace Open Oil Market. He shared this projection with Izvestia on August 20. "In July, Russia reduced oil exports by 14%. While in June 2024, Russia's seaborne oil shipments amounted to 3.72 million barrels per day (bpd), in July, they dropped to 3.20 million ...

... of Energy, and the St. Petersburg Exchange are now working on long-term measures that encourage direct contracts between producers and fuel suppliers instead of speculative trading. This set of steps aims to stabilize prices and saturate the domestic market for petroleum products. The extension of export restrictions and control over exchange trading should prevent fuel shortages and contain the rise in gasoline prices for end consumers amid peak demand. The government intends to ensure that gas stations in ...

Energy sector news from August 18, 2025: Focus on oil, gas, and electricity. Today, global oil and petroleum product prices are under pressure due to changes in energy policies of major producers and sanctions on Russian energy carriers. On the other hand, renewable energy sources continue to gain momentum, leading to instability in the energy market. We will discuss the impact of OPEC+ on prices, the importance of coal, and the formation of a new energy strategy that includes a transition to renewable energy sources. Readers will be able to familiarize themselves with all the latest energy ...

... expand our workforce to handle the growing volume of work. New IT solutions helped us increase revenue: the company’s turnover in 2017 was 3.4 billion rubles, and in 2021, it reached 12.4 billion rubles. The profit growth enabled us to enter new markets. We now trade oil, petroleum products, petrochemicals, and grain both domestically and in the markets of the CIS countries and the EU. Sergey Tereshkin, CEO of "Oyl Resource Group" We are also developing a new informational product on the market—the raw ...

... stirring unrest on the international stage. Simultaneously, the shift toward energy transition is gaining momentum, focusing on renewable energy sources (RES). This article examines how sanctions and global economic changes are affecting the raw materials market, the evolving structure of petroleum product imports and exports, and the transformations occurring within energy infrastructure. Read on to learn more about current trends in the world of oil, gas, and electricity. Energy Sector News – Tuesday, August 19, 2025: A Breather ...