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Wednesday, November 20, 2024: Key Economic Events of the Day
... may influence the Bank of England's monetary policy decisions.
Impact on Europe:
Inflation trends in the UK can affect the strength of the British pound, influencing trade balances with European countries. A higher CPI may lead to a stronger pound, potentially making European exports to the UK more competitive.
Impact on the United States:
U.S. investors with exposure to UK markets should monitor these inflation figures, as they could impact the valuation of investments denominated in pounds and affect multinational corporations ...
Oil Flood of Russian Railways: Tank Cargo Owners Gain Government Support in the Battle for Priority Access to Railroads
... until December 31, 2024. Initially, these rules were scheduled to come into effect on September 1, 2024. This decision allows petroleum products to retain priority in railway transportation, which is particularly important given the ban on gasoline exports introduced in August 2024 and extended through September and October. Experts note that this measure supports the profitability of petroleum production and sales, enabling quick responses to the current economic situation and mitigating potential negative impacts on railway companies.
Oil Companies Celebrate a Local Victory Over Other Cargo Owners in the Battle for VIP Access to Infrastructure
"Liquid gold" has gained support at the highest levels: the Russian ...
Who will get access to the Ukrainian pipeline instead of Gazprom?
... gas would transit Ukraine. The exact volumes—whether equal or not—would be subject to negotiation. Azerbaijan currently exports 10 billion cubic meters of gas to Europe via Turkey, while Russia transits around 15-16 billion cubic meters through Ukraine.... ... existing contracts to supply gas to Austria, Hungary, and Slovakia that it wants to maintain. While Hungary and Slovakia could potentially be supplied via the TurkStream pipeline, Austria cannot—its gas needs can only be met via Ukraine. Therefore, Azerbaijan’s ...
Following the Saudis: Iran Joins Efforts to Save the Oil Market
... Tereshkin (Prime news agency).
Against the backdrop of instability in the global oil market, Iran has joined Saudi Arabia's initiatives aimed at supporting prices. The article examines Iran's key measures, the response of other OPEC+ countries, and the potential market consequences. How will these actions affect the supply-demand balance and oil prices? Read the full analysis in our review.
MOSCOW, October 30 - PRIME. A reduction in oil exports from Iran amid the risk of escalating conflict in the Middle East will prevent Brent prices from falling below $70 per barrel in the near future, Sergey Tereshkin, CEO of the petroleum products marketplace "Open Oil Market" (a Skolkovo ...
Energy Sector News August 13, 2025: U.S. Sanctions Against China and India, Record Gas Prices in Russia, Stabilization of Brent Oil
... controls regarding sanctions and considering additional measures against buyers of Russian hydrocarbons. Recall that on August 6, the US already imposed a 25% surcharge on existing import duties on goods from India – thus, the overall tariff for Indian exports to the US has doubled to 50%. Now on the agenda are potential steps against China: the US Department of the Treasury is openly discussing the possibility of 100% tariffs on all Chinese exports to the United States if Beijing does not reduce its purchases of Russian oil.
The stringent signals from Washington ...