... of supply, among which Russia is likely to emerge, offering more favorable terms and significant discounts," says Blokhin. Should escalation occur, it will be Iranian and Arab oil and gas producers who suffer, while other players in the oil and gas market—Russia, U.S. shale producers, and renewable energy equipment manufacturers—may gain, at least in the short term, concludes Mitrakhovich from the Financial University. Source: Forbes

... Activity Index for July. A composite indicator for Canada's economy—an additional piece of the global PMI puzzle this week. 17:30 (USA): EIA report on natural gas inventories (week). Important for assessing supply and demand balance in the energy market (gas). 18:00 (USA): New York Fed's inflation expectations index (July). Shows how Americans view inflation developments a year ahead—an important signal for the Federal Reserve. Corporate Earnings: Before market open: Siemens AG, Toyota Motor, Eli Lilly,...

... prices, citing the absence of conditions such as falling oil prices or reductions in refinery costs. The oil and refining sectors remain burdened by high taxes, which have increased even in years of budget surpluses. The FAS continues to tightly regulate gas station prices, discouraging significant reductions even during favorable market conditions. As a result, declines in wholesale fuel prices are unlikely to significantly impact retail prices. Translated using ChatGPT Sourse: https://rg.ru/2024/07/08/bak-pod-zaviazku.html

... while a slowdown in price growth may support markets, confirming the effectiveness of already implemented measures by the regulator. 19:00 (USA) – EIA Short-Term Energy Outlook: The US Department of Energy will present updated forecasts for oil and gas markets. The report reflects expectations for shale oil production, fuel consumption levels, and stock balances. These forecasts set the tone for the oil and gas sector, impacting oil prices and the stocks of energy companies. 19:00 (USA) – WASDE Report ...

... stronger dollar resulting from robust job and housing market indicators could reduce the competitiveness of European exports. EU Consumer Confidence: Weak sentiment in Europe might dampen demand for U.S. exports and influence trade balances. Energy Markets: U.S. natural gas inventory changes could affect European energy prices and security. Investor Recommendations Commodities: Oil and Gas: Monitor central bank decisions in Turkey and South Africa, as these could impact emerging market currencies and, subsequently, global ...