How will Wednesday’s events shape the global economy and financial markets? This article covers OPEC’s monthly oil market report, U.S. inflation data, Canada’s interest rate decision, and the EIA crude oil inventory report. We also analyze key corporate earnings from Macy’s and Adobe, along with their implications for the technology and retail sectors. Discover ...

Expert Tereshkin: Oil Production Cut in Libya Will Boost Prices Temporarily (Izvestia). On August 29, 2024, Sergey Tereshkin, the CEO of Open Oil Market, stated in an interview with Izvestia that the suspension of production at Libya’s largest oil field, Sharara, ...

... to Europe, utilizing Ukraine’s gas transit system built during the Soviet era,” notes Sergey Tereshkin, CEO of the Open Oil Market. However, this pipeline is currently used for reverse gas flows from Russia to Uzbekistan, Tereshkin points out.... ... scenario. Currently, Azerbaijan delivers gas to the European Union via Turkey using the TANAP and TAP pipelines. Azerbaijan supplies 10 billion cubic meters of gas annually to countries such as Turkey, Greece, Albania, and Italy. “Russia could negotiate ...

... financial markets are poised for significant movements as key economic indicators and corporate earnings reports are released. Investors should pay close attention to China's Loan Prime Rate announcement, inflation data from the UK and Germany, U.S. crude oil inventory levels, and speeches from central bank leaders. Additionally, major corporations such as NIO, Target, TJX, Wix.com, Williams-Sonoma, Global-E Online, Nvidia, Snowflake, Palo Alto Networks, and Jack in the Box are scheduled to release their ...

... reports from companies like The Trade Desk and Kenvue will be published, acting as vital indicators of market conditions. Special attention will also be focused on Baker Hughes' report on the number of drilling rigs, which will provide insights into the oil sector's status. The anticipated reaction of stock indices such as the S&P 500, Euro Stoxx 50, and Nikkei 225 will impact global markets. Read our article for insights on the repercussions of these events. Economic Events and Company Reports — ...