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An expert explained how the situation around the GIS "Sudzha" will affect Europeans.
... meters. It is likely that the price increase will also be observed on August 9, but the average monthly prices will not exceed $500 per thousand cubic meters. This forecast was made for Prime by Sergey Tereshkin, CEO of the oil products marketplace OPEN OIL MARKET.
First of all, the relatively low share of supplies through the GMS "Sudzha" in the overall gas import structure to the EU will have an impact. According to the European Network of Transmission System Operators for Gas (ENTSOG), total gas imports to the European Union, including transit ...
Friday, December 13, 2024: Analysis of Key Events and Reports
... interventions 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 ...
The government has extended the ban on gasoline exports until the end of the year.
... prices for this type of fuel, notes Sergey Tereshkin, CEO of the Open Oil Market platform. Damping payments compensate for part of the difference between the government-established indicative price for the domestic wholesale market and the cost of export supplies. According to Tereshkin, oil companies "try to offset part of the arising costs by increasing exchange prices for AI-95."
"Therefore, the extension of the export ban is used as a 'stick,' although the previously introduced measures were sufficient to curb the ...
The budget is in the black. What ensured the increase in oil and gas revenues?
... comparison, the same figures for the first two quarters of 2023 were 67 million cubic meters per day.
The physical growth in supplies offset the effect of falling gas prices in Europe. In H1 2023, the average price at the region's largest hub, TTF, was ... ... gas production in H1 2024 grew by 9.4% year-on-year, reaching 292 billion cubic meters.
Benefiting the Budget
As for the oil sector, according to EIA data, Russian oil production in July 2024 was 9.07 million barrels per day—close to the current ...
Gas Prices in Moscow Reach Record Highs: Reasons for Increase and Prospects for the Fuel Market
Gas prices in Moscow have reached a record high, marking a significant event for both drivers and market developers. The escalation of the geopolitical situation, rising oil prices, and instability in global markets are affecting the final retail prices. The main factors contributing to this increase include higher export volumes and rising hydrocarbon costs. Price dynamics forecasts remain uncertain: experts consider ...