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The Harshest Package: What the New EU Sanctions Mean for Russia

... Most Severe EU Sanctions. Analyzing Possible Consequences for the Economy, Energy Sector, and International Relations. The European Union has adopted its 18th sanctions package against Russia, which includes a series of measures targeting the Russian oil and gas sector. "The EU has just approved one of the most stringent packages of sanctions to date against Russia," stated EU High Representative for Foreign Affairs and Security Policy, Kaia Kallas. However, experts interviewed by Forbes believe ...

Wildberries will install gas stations at its logistics centers

... guaranteed demand in this segment. Due to high inflation, customers are less willing to purchase durable goods, making gasoline and diesel, de facto, essential goods (at least for car owners). The profitability of this segment depends on whether Wildberries ... ... are significantly lower than in wholesale. Additionally, in Russia, unlike many European countries, excise duties are paid by oil refineries, not gas stations, which also benefits fuel retail. Overall, the company is desperately looking for new opportunities to increase ...

Thursday, December 12, 2024: Analysis of Key Events and Reports

How will Thursday’s key events impact global markets? This article examines the ECB’s rate decision, U.S. inflation and labor market data, and the EIA natural gas inventory report. We also delve into corporate earnings from Broadcom, Costco, and RH, offering insights into the technology ... ... points include the company’s outlook for 2025 and expansion plans. My Commentary on Thursday’s Events As the founder of Open Oil Market, I see Thursday’s events as pivotal for understanding global economic and market trends. The ECB’s rate decision ...

Can the EU Replace Russian LNG with American? Realities, Benefits, and Risks for the European Market

... due to rising energy prices, and an increase in U.S. LNG volumes could further raise costs. This, in turn, could impact both consumers and manufacturers by increasing production and service costs. As noted by Sergey Tereshkin, founder and CEO of Open Oil Market , this transition would demand significant investment in infrastructure and would be accompanied by high transportation costs, making rapid implementation challenging. "For us, as business leaders, it’s clear that Russia offers competitive gas supply conditions, while LNG from the U.S. comes with logistical complexities that affect the final price for consumers," he emphasizes. Russia’s Position in the LNG Market Russia remains a major LNG supplier to Europe, even as its share declines ...

Analysts predict the resumption of oil production growth in Russia.

... Rystad Energy estimates). Oil production in Russia will depend on the OPEC+ quota. According to the current terms of the deal, Russia's quota should increase from the current 8.98 million barrels per day to 9.45 million barrels per day (excluding gas condensate and light hydrocarbons, which are included in broader production statistics). For comparison, in October 2024, Russia's oil production volume was 8.95 million bpd. It is currently difficult to believe that production will exceed the 9.5 million bpd mark by the end of next year. Overall, the risks of an early breakdown of the OPEC+ agreement will have a much greater ...