... production restrictions could support oil prices, particularly if demand exceeds expectations. This steady supply outlook serves as a potential foundation for stable or slightly increased prices, which can benefit energy investments in North America and Europe. Production Trends in Russia and OPEC+ Russia slightly increased production in October by 50,000 barrels per day, reaching 9.2 million barrels, which is 230,000 barrels above its OPEC+ target. This rise could present additional market opportunities ...

... measures, despite their apparent severity, will not exert a serious deterrent effect." The partial import limitation on petroleum products, particularly diesel, will lead to a redirection of supplies from India to the UK and from there to continental Europe, considers Shevyrenkov. Furthermore, it is challenging to prove that the oil processed in India or Turkey originated from Russia because refineries in these countries will not disclose in their reports that the products they produce are derived ...

... created yet. Yushkov believes the time for this has passed, and from an economic point of view, Russia no longer needs the hub. “When Russia came up with the idea of the gas hub in 2022, we needed it to depoliticize the supply of Russian gas to Europe. Because in spring 2022, sanctions were imposed on Russia, and many European companies were afraid to buy Russian gas, fearing accusations of financing Russia. The gas hub would have helped anonymize the origin of the gas. Not only Russian gas ...

... countries are focused on both macroeconomic events and the wave of corporate results for the second quarter. The spotlight is on signals from central banks and statistics that could affect the stock market, as well as reports from major companies in the US, Europe, and Asia. Important data from Australia is scheduled for early morning release, followed by speeches from the heads of the Bank of England, the Fed, and the ECB during the day, with business activity indexes and oil statistics set to be released ...

... sensitive to any news regarding economic risks or changes in OPEC+ policy. Gas Market: Record Storage Levels Reduce Price Risks The European natural gas market continues to build inventories ahead of the winter season. According to Gas Infrastructure Europe, underground gas storage facilities in EU countries are nearly 66% full—an unprecedented high for the end of July in recent years. In absolute terms, reserves exceed 72 billion cubic meters (significantly more than a year ago on the same date)....