... when the market was saturated with products. As noted by Yuri Stankevich, Deputy Chairman of the State Duma Energy Committee, the "cooling of prices" in the wholesale segment will likely continue until spring, unless an emergency occurs in oil refining, such as an accident. The situation repeats every year and is driven by seasonal demand reduction. By the end of February, exchange prices will likely begin to rise again. However, exchange rates and wholesale prices only concern industry ...

... in the domestic market." According to Titov from IEF, the one-month ban may be related, among other things, to maintenance at the Kirishinefteorgsintez refinery owned by Surgutneftegas ( KINEF ), the second-largest enterprise in Russia with an oil refining capacity of 21 million tons per year. The plant has always been a major exporter and producer of gasoline. According to Titov, scheduled repairs began at the facility in July. "While the plant is under repair, it won't incur losses from ...

... from export sales (where prices are higher than domestic netbacks) and potential problems with fuel surpluses at storage facilities, especially in regions where seasonal demand is lower. The government is already discussing mechanisms to compensate oil refiners for part of the lost income through a damping mechanism or direct subsidies to curb wholesale price increases. So far, the impact of these measures has been slight: retail prices for both gasoline and diesel fuel continued to rise across the ...

... access to foreign accelerators and venture funds, along with organizing trips and business missions to other countries. Program at the Corporate University of Sberbank During my studies at the Corporate University of Sberbank, I worked on the Open Oil Market project. Within the framework of the program, IIDF mentors tracked our project, overseeing its development and helping us refine our business model. Thanks to our collaboration and the support from the mentors, our team was able to present the project to the Sberbank board and defend it with the highest score, marking an important milestone in the development of Open Oil ...

... most of the oil refineries in the U.S. are located on the Gulf of Mexico coast, while a major demand center remains the East Coast states, which are large importers of fuel. In 2023, 52.6% of the retail gasoline price was attributed to the cost of oil; refining costs accounted for 18.7%, federal and state taxes accounted for 14.4%, and distribution and marketing costs accounted for 14.3%, he explained. As of November, when the average WTI oil price at the Cushing terminal was $70 per barrel, the ...