... also benefit from the prolonged stagnation of India's oil production sector. In 2013, India's oil production stood at 921,000 b/d, compared to 728,000 b/d in 2023—more than twice as low as the current volume of Russian oil supplies to India. Thus, Russian suppliers' raw materials will continue to find stable demand in India, the General Director of OPEN OIL MARKET assured. Earlier, on August 23, Stanislav Mitrakhovich, a leading expert at the National Energy Security Fund and the Financial University under the Government of Russia, also suggested that China and India would remain the largest buyers of ...

... production data, while U.S. traders track CPI, oil inventories, and the USDA’s agricultural report. Stay tuned for impactful shifts across currencies, commodities, and stocks, as global events unfold! Weekly Economic Events Influencing Global and Russian Markets (November 11–15, 2024) Monday, November 11 U.S. — Veterans Day (Public Holiday) China — Singles’ Day (Largest Shopping Day) Russia — Trade Balance Data for September Expected to decline to $9.33 billion from a previous $15.5 billion ...

... "Moreover, the EU is introducing a ban on the import of petroleum products made from Russian oil and arriving from any third country, except for Canada, Norway, Switzerland, the United Kingdom, and the United States, thereby obstructing the entry of Russian oil into the EU market through back channels," the release states. It also mentions that comprehensive sanctions, including asset freezes, travel bans, and resource provision prohibitions, will be applied to Russian and international companies managing the vessels ...

... and what implications this may have for consumers both in Russia and abroad. Stay updated with the most relevant news on oil, gas, and the energy market. Energy Sector News – Sunday, August 3, 2025: Brent Around $73; Asia Emerges as Main Export Market for Russian Oil As August begins, the global fuel and energy complex is showing moderate growth and signs of stabilization. Oil prices remain high, with Brent holding steady around $73 per barrel (the highest since late June) amid ongoing geopolitical risks ...

The recovery of the global economy, rising oil prices, and the accommodative monetary policies of most central banks are all working in favor of the Russian market. The Russian stock market is expected to reach record heights this year, driven by a recovery in commodity prices and persistently low interest rates globally, according to a survey of market experts by Reuters. The Russian market experienced ...