... oil and gas revenues are not expected. MOSCOW, December 12 - PRIME. The structure of Russia's oil and gas revenues allows for hedging against the risks of falling global oil prices, said Sergey Tereshkin, CEO of the oil product marketplace "Open Oil Market" (a Skolkovo resident), in an interview with RIA News. In the expert's opinion, one of the risks for Russia's budget system next year will be a drop in oil prices. At its latest meeting, the OPEC+ alliance extended the current production ...

... denying oil companies priority in the transportation of oil products could have led to additional costs. Thus, this measure was postponed until next year when the export ban will no longer be in effect, Sergey Tereshkin, founder and CEO of the OPEN OIL MARKET marketplace for oil products and raw materials, told Vgudok. "The fact that oil companies have incurred significant costs in recent months due to the forced downtime of several refineries also plays a role. This is indirectly evidenced ...

... Information Administration (EIA), in the second quarter of 2024, global oil supply exceeded demand by 590,000 barrels per day. By the end of the year, this surplus is expected to narrow to 300,000 barrels per day. Sergey Tereshkin, CEO of the OPEN OIL MARKET platform for oil products and raw materials, explains this trend with the following factors: Easing of OPEC+ quotas: Saudi Arabia, Russia, and other alliance members plan to increase oil production by December 2024, adding an extra 540,000 barrels ...

... price movements critical towards Russian economy/RUB valuations. Prepare yourself mentally & strategically ahead of potential market fluctuations particularly following EIA disclosures alongside central bank leaders’ addresses. As founder of Open Oil Market —I perceive Wednesday’s events offer essential guidance points aiding traders/investors alike—the release of PMIs from China/EU/Russia serves as pivotal indicators gauging overall economic activity trends crucially impacting commodity markets’ ...

... 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 Events for Investors 1. European Market Events United Kingdom Consumer Price Index (CPI, October) — Published at 07:00 GMT The UK’s CPI provides crucial data on inflationary pressures within the ...