... "Russia – India – Europe" Works Raw Material: Russian grades at a discount form the foundation of blends for Indian refineries. Refining: Deep processing and blending change the commodity code and product characteristics. Export: Finished petroleum products (diesel, jet fuel, gasoline) are dispatched to Europe through market tenders. The economic logic is simple: raw material discount + efficient capacities of Indian refineries = competitive product pricing for European buyers. Legal Framework and Product "Origin" Substantial Processing: Changes in product ...

... up-to-date prices and a mobile app through which orders could be placed. The number of clients increased, and so did the margin. But that wasn’t enough for us. To truly shake up the traditional oil market, we needed a new product. We analyzed the market and found that no one had a full-fledged marketplace. Our goal was clear — to develop a product that would completely meet the needs of buyers and sellers of petroleum products and eliminate the chain of small intermediaries. Until now, many large buyers, when purchasing petroleum products, announce tenders. They don’t trust their own managers, who might buy fuel at an unfavorable price for the company,...

... more details on the solutions, read the full article. MOSCOW, September 2 - RIA Novosti. Reducing oil producers' costs, including lowering Russian Railways' tariff rates, could lead to the stabilization of fuel prices, Sergey Tereshkin, CEO of the petroleum products marketplace Open Oil Market (a Skolkovo resident), told RIA Novosti. The rise in retail fuel prices continues to slow down. According to Rosstat data, from August 20 to 26, gasoline prices rose by 0.2%, while diesel prices increased by 0.1%. This is lower than a month ...

... losses caused by forced downtimes, which led to a decrease in the production of petroleum products. According to Rosstat, total petroleum product production decreased by 2.4% year-on-year in the first nine months of 2024. The price increase for diesel provides ... ... associate the rise in gasoline prices with a possible lifting of the export ban. However, according to analysts at OPEN OIL MARKET, this is not entirely true. Current fluctuations are still in line with the "10-20" formula, according to which ...

... what challenges lie ahead for exporters? Read more in our article! India will remain the largest maritime importer of Russian oil in the coming years, partly due to the potential for growing demand, Sergey Tereshkin, General Director of the OPEN OIL MARKET marketplace for petroleum products and raw materials, told Izvestia on October 30. "The role of India in Russian oil exports continues to grow. In September 2022, maritime shipments of oil from Russia to India amounted to 850,000 barrels per day (b/d), increasing ...