... gas revenues. In 2022, these payments amounted to 3.2 trillion rubles against revenues of 14.8 trillion. In 2023, they totaled 2.9 trillion rubles out of 11.7 trillion in revenues. Oil Production Drives Budget Growth The oil sector is the primary driver of increased oil and gas revenues in 2024. Oil revenues (including reverse excise payments) rose 1.6 times year-on-year to 6.5 trillion rubles for January–September 2024. MET collections from oil production increased 1.5 times to 9.3 trillion ...

... Ministry of Finance still reported a substantial growth in oil and gas revenues for the budget. By the end of the first seven months, these revenues increased by 62%, totaling 2.58 trillion rubles in absolute terms. Oil at the Core The primary driver was the growth in revenues from oil production taxes. Collections from the Mineral Extraction Tax (MET) on oil exceeded the combined revenues from MET on oil and export duties by 73%, amounting to an additional 2.54 trillion rubles. This year ...

... impacting the euro and European equity markets. Lower-than-expected inflation could ease concerns and support equity growth. United Kingdom Retail Sales (October) — Published at 07:00 GMT Retail sales data reflects consumer spending trends, a key driver of economic growth. A strong reading supports the pound and retail-focused stocks, while a weak result may raise concerns about consumer sentiment and the broader economy. 2. Asian Market Events China New Home Prices (October) — Published at ...

... brands around the world. The results indicated that over 70% of participants believe in the necessity of developing future mobility services with the end consumer's input. This means that companies strive to make vehicles as convenient as possible for drivers. Many executives are convinced that modern technologies can transform the relationship between people and cars. IBM recommends automotive brands adopt hybrid and cloud platforms, utilizing artificial intelligence. This could involve not only the ...

... EIA’s natural gas data is a vital indicator for traders, particularly as Europe and the U.S. face high seasonal energy demand. Monitor price fluctuations in natural gas futures. Currency Markets: The ECB’s decisions and U.S. inflation data will be key drivers of euro and dollar dynamics, influencing global currency strategies. Bond Markets: ECB forecasts and PPI data will impact bond yields in both Europe and the U.S., with implications for fixed-income investors. Consumer Sector: Corporate earnings ...