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Will production fall in Iran and Venezuela? Should the market expect a sharp rise in prices or increased competition among exporters?
Sergey Tereshkin's column for INFOTECH.
In the article "Will Oil Production Decline in Iran and Venezuela? Should the Market Expect Sharp Price Growth or Increased Competition Among Exporters?" the author analyzes the current geopolitical events affecting oil production in these countries. The article discusses ...
Why is Russia lifting the ban on gasoline exports for only two months?
... saturate the domestic market. Not coincidentally, a few weeks ago, Deputy Prime Minister Alexander Novak mentioned reports of gasoline stockpiling in the domestic market.
Only 10-15% of total gasoline production in the country is exported, but some oil refineries (NPPs) are initially geared towards fuel supply abroad. For them, the export ban was particularly painful.
Stankevich notes that the political and economic situation requires prompt decisions, which explains the limited duration of the ...
Sergey Tereshkin: Adjusting the damper may lead to an increase in exchange fuel prices.
... established price for one type of fuel will not affect payments for the other type.
The damping mechanism compensates part of the difference between the indicative fuel price set by the government and its export price. It is paid from the budget to oil companies for wholesale fuel supplies to the domestic market with a deviation from the indicative price (on average for the month) of no more than 10% for gasoline and no more than 20% for DF.
Currently, if either of these values is exceeded, the damping is nullified. The mechanism ...
Tuesday, December 10, 2024: Analysis of Key Events and Reports
... indicator for the entire Eurozone. A rise in CPI could increase expectations for tighter monetary policy from the European Central Bank, while weaker numbers may justify continued caution.
15:00 (MSK): 189th OPEC Conference
This major event for the oil market will see discussions on production quotas among member nations. The outcome could significantly impact global oil prices, with implications for energy markets worldwide.
20:00 (MSK): USA – WASDE Report
The U.S. Department of Agriculture’s ...
Europe may completely lose Russian gas.
... sanctions package, its implementation might be delayed until 2026," Yushkov predicts.
Sergey Tereshkin, CEO of Open Oil Market, adds that a complete LNG ban is unlikely before the end of the winter season (March 31), as Russian LNG helps Europe ... ... and the Netherlands (1.05 million tons)—a total of 12.4 million tons.
The uncertainty surrounding both pipeline and LNG supplies underscores the economic and strategic complexities for all parties involved.
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