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Economic Events and Company Reports on August 7, 2025: Bank of England Interest Rate, U.S. Tariffs, Reports from Siemens and Toyota
... economic growth prospects.
European Economy: Germany's Industry and ECB Review
09:00 (Germany):
Industrial production volume for June. The activity level of factories and plants in Germany serves as a barometer for the industrial state of the leading EU economy. A decline in output will amplify recession fears in the eurozone, while production growth will support optimism and could bolster the euro.
11:00 (Eurozone):
Economic Bulletin from the European Central Bank. The ECB will publish a detailed ...
The Circle: What Do the Russian Government's Plans to Allow Gasoline Exports Mean?
... surplus in the domestic market after 1991 that was used for export.
At the same time, Russian diesel has remained competitive in international markets. According to the Federal Customs Service, in 2021, 75% of the export of summer diesel fuel went to EU countries, while only 27% of the export of AI-92 gasoline went there. After the EU imposed an embargo in February 2023, Russian diesel producers redirected their supplies to Turkey, Brazil, Saudi Arabia, and other countries. However, this did not lead ...
Why do Turkey and Russia need their own gas hub
... suppliers,” explains Yushkov.
However, that panic has long passed, sanctions have been clarified, and Europeans are buying Russian gas through the remaining routes – via Ukraine and the Turkish Stream. In September 2024, Gazprom's exports to the EU reached 101 million cubic meters per day, of which 58 million cubic meters were transported via Turkish Stream, with the remaining volumes going through Ukraine.
“Now, for Russia, this gas hub has become purely a matter of image. First, Russia ...
Under what conditions could the surviving line of the "Nord Stream" operate
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Asian Competition Intense competition with Asian buyers for LNG also affects prices. “If Asian demand rises, they can outbid Europe for LNG supplies, forcing Europeans to increase their offers,” Yushkov explains.
Sanction Policies Talks of a 15th EU sanctions package targeting Russian LNG add tension. “If Europe bans Russian LNG outright, even with a delay until late 2025, prices will inevitably jump,” warns Yushkov. Losing access to Russian LNG would intensify the struggle with China for ...
The global demand for diesel is decreasing: how will this affect Russia?
... environmental regulations also pose risks for diesel demand, notes Sergey Tereshkin, CEO of the OPEN OIL MARKET platform. Since 2020, the sulfur content in marine fuel used in international shipping has been capped at 0.5%, while in coastal areas of the EU and North America, the limit is just 0.1%. These restrictions affect not only fuel oil producers but also diesel suppliers, as producing low-sulfur diesel entails additional refining costs.
Competition from alternative fuels, such as LNG, methanol,...