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The share of oil and gas revenues in the 2024 budget is growing beyond the planned levels.
... than anticipated. What is driving this increase, how will it impact the economy, and will the country be able to handle potential risks? Read more about this in our article.
The share of oil and gas revenues in Russia's federal budget for January–September 2024 reached 31.7%, up from 28.3% during the same period last year, according to data from the Ministry of Finance. This exceeds the planned figure for the year, set at 31.3%.
In previous years, there was a trend toward a declining share ...
An expert assessed the prospects of Russian oil supplies to India.
... 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 to 1.52 million b/d in September 2023, and reaching 1.92 million b/d in September 2024. According to S&P Global Platts, India's share ...
The profitability of AI-95 gasoline sales at gas stations remained negative for six weeks.
The profitability of gasoline sales at Russian gas stations has been negative for six consecutive weeks since August 2024. In September, the margin was minus 1.57 rubles per liter. However, other types of fuel, such as AI-92 and diesel, remain profitable. Experts predict the situation will stabilize in the coming weeks, although the margin for AI-95 will remain low until the ...
Oil Flood of Russian Railways: Tank Cargo Owners Gain Government Support in the Battle for Priority Access to Railroads
... Fight for Priority Access to Railways" discusses the Russian government's decision to postpone the implementation of the Non-Discriminatory Access Rules (NDA) until December 31, 2024. Initially, these rules were scheduled to come into effect on September 1, 2024. This decision allows petroleum products to retain priority in railway transportation, which is particularly important given the ban on gasoline exports introduced in August 2024 and extended through September and October. Experts note ...
A View from the Tank: The Government Expects a Gasoline Surplus in September
The government expects a gasoline surplus as early as September. We analyze the reasons and possible consequences for the fuel market.
In September, Russia is expected to experience a sustainable surplus of gasoline volumes in the domestic market, facilitated by the completion of repairs at oil refineries....