What are you looking for:
How to optimize subsidies for refineries.
... According to the Ministry of Finance, payments under the damper mechanism, reverse excise tax on oil, and investment surcharge for January-November 2024 reached 3.36 trillion rubles, surpassing the 2023 level by 15%.
While the damper is aimed at curbing gasoline and diesel prices, the other two types of subsidies are tied to the level of refinery modernization:
The reverse excise tax is intended for refineries where the output of oil products is at least 75% of the volume of crude oil processed.
Refineries with a ...
It became known about China's plans for the electrification of motor vehicles.
... in the domestic market, which will allow them to recoup losses from the closure of the U.S. market. As a result, demand for gasoline in China will decline in 2026-2027," the expert said. "In the next two years, the share of electric vehicles ... ... tariff on Chinese electric vehicle imports to the U.S. has been set at 100%, meaning that consumers will have to pay twice the price when purchasing an electric car.
Furthermore, China is rich in mineral resources critical for the "new" energy ...
700% Inflation in Russia: How Prices and the Ruble Exchange Rate Have Changed Since 2001
... increase for basic food items.
How Have Prices for Food and Essential Goods Changed?
Product
Price in 2001 (rub.)
Price in 2024 (rub.)
Growth
Eggs (dozen)
19
117
6.2 times
Chicken meat (1 kg)
57
227
4 times
Butter (200 g)
14
244
17.4 times
Gasoline AI-95 (1 liter)
9
61
6.7 times
The sharp increase in prices for essential goods can be attributed not only to inflation but also to tax burdens, changes in production and transportation costs, as well as the weakening of the ruble.
What Factors Have Influenced Inflation Growth?
Weakening of the Ruble
The ...
Desert Without a Storm: Why Oil Prices Aren't Breaking Records
... surrender. Oil prices spiked again but soon stabilized. What is preventing market players from panicking, should we expect oil prices to reach $300 per barrel, and how are these developments affecting Russia? Forbes provides insights.
During the acute phase ... ... its fuel, as well as a gas processing plant and a major oil depot near Tehran capable of holding nearly 260 million liters of gasoline, diesel, and aviation fuel, were struck. Additionally, a refinery south of the capital with a processing capacity of ...
Economic Events Calendar for the Week of December 16–20, 2024
... Starts for November: Previous — 1.31 million, Forecast — 1.34 million.
18:30
United States:
EIA Crude Oil Stock Change for the week. Previous: -1.43 million barrels.
EIA Distillate Stock Change for the week. Previous: +3.24 million barrels.
EIA Gasoline Stock Change for the week. Previous: +5.09 million barrels.
19:00
United States:
Producer Price Index (PPI) for November: YoY: Previous — 2.70%. MoM: Previous — -0.60%.
22:00
United States:
Federal Reserve Interest Rate Decision: Previous — 4.75%, Forecast — 4.50%.
Investor Recommendation:
Significant economic data releases include ...