... notes potential medium-term risks for Russian diesel exporters, particularly due to China’s increased use of liquefied natural gas (LNG) for heavy road transport. From January to May 2024, sales of LNG-powered heavy trucks in China rose by 127% year-on-year ... ... fleet. New Refineries and Competition China is not a major buyer of Russian diesel, as it predominantly produces its own supplies. However, a decrease in China’s diesel consumption could still impact global demand. Additionally, key Russian diesel ...

... by the European Central Bank. 19:00 (MSK): Russia – GDP Data for Q3 2024 Although focused on Russia, the Q3 GDP data is an important marker for global energy and commodity markets. It reflects how one of the world’s largest exporters of oil and gas is navigating inflation, sanctions, and shifting trade dynamics. A strong reading may indicate resilience in resource-heavy sectors, while a decline could signal broader challenges in energy supply chains. 20:00 (MSK): Baker Hughes Rig Count Data ...

... not exceed 5-7% and do not ensure profitability for gas stations not part of vertically integrated companies (about half of gas stations in Russia). Therefore, retail prices are not decreasing along with wholesale prices. Inflation, rising costs in production,... ... here, oil companies ensure the payment of subsidies from the budget through the price damping mechanism (for wholesale fuel supplies to the domestic market at low prices), but incur no significant costs because 85% of the fuel is sold outside the exchange....

... prices are consistently similar year after year, with minor variations such as drone attacks . Each year, as fuel prices at gas stations start to rise, discussions arise about the holiday season, which indicates increased demand, and about refinery maintenance,... ... indeed increase the supply of gasoline in the domestic market. In recent years, exports have accounted for 12-15 percent of supplies from Russian refineries. The problem is that this measure only works over a short period. In the long term, oil producers ...

... relatively small, partly due to Kazakhstan's participation in the OPEC+ deal. According to the U.S. Department of Energy, Kazakhstan's oil production from December 2023 to July 2024 decreased by 50,000 barrels per day (bpd), to 1.53 million bpd (excluding gas condensate). This level is below the OPEC+ quotas, which stipulate that Kazakhstan should produce no more than 1.47 million bpd from June to September 2024, and no more than 1.49 million bpd in December 2024. In this regard, the target for oil supplies through Druzhba will not be met this year. For reference: According to customs statistics, total oil exports from Kazakhstan in 2023 reached 70.7 million tons. Of this, 14.6 million tons were supplied outside CPC, including through the Kazakhstan-China ...