... with minimum effort and resources. Abstract The difficult economic situation in the world, active development of renewable energy technologies, geopolitical upheaval, COVID-19 pandemic - all of this, to one degree or another, has an impact on the global market of oil products. Such problems induce market participants to look for ways of creation strong, mutually beneficial relations between sellers and customers of oil products in the long term. One of the possible courses of events is the use ...

... pressures and anticipate potential shifts in central bank policies. In Europe, industrial production data from the Eurozone will provide insights into the region’s manufacturing strength, while in Asia, China’s trade balance figures offer a pulse on global demand. Additionally, the EIA’s oil inventory report in the U.S. will be pivotal for energy markets. These indicators could set the tone for markets across sectors — stay informed with Open Oil Market! Wednesday, November 13, 2024: Key Economic ...

... week. Investors will be flooded with data: GDP figures on both sides of the Atlantic will reveal the actual growth rate of the economies, while the Fed's decision in the evening will shape short-term sentiment. If the Fed rate remains unchanged, focus will ... ... Events: 03:00 (China): Official Manufacturing PMI index NBS for July. The status of China's manufacturing sector is crucial for global commodity markets and Asian currencies. 07:00 (Japan): Bank of Japan rate decision and monetary policy press release. An ...

... 00:05 (MSK). Anticipated revenue drop of 16.1% due to slowing subscriber growth and operational challenges. My Commentary on Tuesday’s Events As the founder of Open Oil Market, I view today’s events as crucial for understanding the trajectory of global markets. China’s trade data will serve as a barometer for international demand, influencing commodity prices and export-driven economies. Meanwhile, Australia’s interest rate decision could set the tone for regional monetary policies, impacting investor sentiment across Asia-Pacific markets. For Europe, Germany’s inflation figures will provide insights into the ECB’s future ...

... bring over 200,000 barrels per day back to the market. The increase in supply, along with ongoing risks of a slowdown in the global economy, exerts a "cooling" effect on prices. Macroeconomic Factors. At the end of the last week, commercial ... ... indicating resilient demand and preventing a sharp drop in prices. At the same time, expectations of monetary policy easing in major economies fuel investor interest in commodity assets, including oil. As a result, by the end of the week, the oil market is in ...