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An expert outlined the conditions for curbing oil demand in China

... the long term. This opinion was shared on November 20 in an interview with Izvestia by Sergey Tereshkin, CEO of the OPEN OIL MARKET oil and raw materials marketplace. "In the long term, the key factor will be China's energy transition, which could ... ... battery technology development. "Another factor will be the gasification of freight transport, where liquefied natural gas (LNG) is gradually replacing diesel fuel, a petroleum product. In 2022, trucks running on LNG Translated ...

The Fate of the Dollar and the Prospects for BRICS Currency: What's Behind Putin's Statements?

... developing countries. In an environment where U.S. economic influence can exert strong pressure on the financial decisions of other nations, the necessity to seek alternative financial tools emerges. For businesses, especially in sectors like oil and gas, diversification of currency risks can serve as a strategic advantage. At Open Oil Market, we are focusing on developing such tools to ensure our partners and clients have resilience against external economic factors.” Vladimir Putin’s statements underscore the existing risks and challenges facing the global currency system and ...

Buyers Battle for Russian Oil in Europe

...," reflects Igor Yushkov. The head of Hungary's Foreign Ministry assured that Budapest will never give up Russian oil and gas. Hungary, Serbia, and Slovakia hold on to Russian oil because it represents the most profitable option. "Firstly, the ... ... oil instead. Finally, there’s a discount on Russian oil,” comments the FNES expert. “Russian oil producers are seeking markets with minimal risks of new restrictions and a low level of electric transport development—Serbia fits this profile perfectly....

What the US Imports from Russia — Uranium, Fertilizers, and Palladium

... particularly relevant. What supplies are being exchanged between the two countries, and which products are the main players in this market? In focus are uranium, fertilizers, and palladium. We will examine current trends related to these resources and discuss ... ... cooperation: while in 2021, Russian oil accounted for the majority of imports (over $17 billion), after the embargo on oil, gas, and coal purchases was introduced in 2022, these supplies almost ceased. By 2024, the import of several other goods, such ...

The Most Successful Industries of the Last 15 Years

... situation across different industries. The S&P 500 index, which is considered one of the main benchmarks in the American stock market, comprises 11 sectors. While the performance of individual company stocks varies, each sector as a whole exhibits distinct ... ... results for energy companies. It's worth noting that this is especially true for U.S. energy firms, while the Russian oil and gas sector finds itself in a more stable condition. Regardless, even considering all the negative factors, the decline in stock ...