... situation (geopolitical risks, high sanctions costs, and ruble volatility) complicates revenue and cash flow forecasting for target companies, increasing expected risks. Finally, investor participation has decreased: most companies wishing to exit the market have already carried out their plans, while remaining non-residents have suspended their exits due to stringent requirements. Key factors restraining M&A activity at this stage can be summarized as follows: Regulation of transactions with non-residents. New rules require significant payments for asset exits: commission fees plus fines create a considerable discount from the actual sale value. Many investors now deem such conditions unacceptable. High interest ...

..., which are largely owned by oil companies, have the right to export gasoline. Judging by the dynamics of exchange quotations, a complete ban is imminent. However, as has been emphasized multiple times, this measure is extreme and indicates that the market is operating under "manual regulation." The reasons for the rise in gasoline prices are consistently similar year after year, with minor variations such as drone attacks . Each year, as fuel prices at gas stations start to rise, discussions arise about the holiday season,...

... If even one-third of their output is diesel, global supply could rise by 600,000 bpd, with these facilities enjoying logistical advantages for deliveries to India and Brazil. Environmental Regulations and Alternative Fuels Stricter environmental regulations also pose risks for diesel demand, notes Sergey Tereshkin, CEO of the OPEN OIL MARKET platform. Since 2020, the sulfur content in marine fuel used in international shipping has been capped at 0.5%, while in coastal areas of the EU and North America, the limit is just 0.1%. These restrictions affect not only fuel oil producers but ...

... expectations for a stricter policy from the Bank of Russia (including the possibility of raising the key rate), which will influence the OFZ market and the ruble exchange rate. Conversely, a slowdown in price growth will be a positive signal for the regulator and financial markets in Russia, indicating the effectiveness of previous measures to curb inflation. Corporate Reporting: Before Market Open: Brinker International , Performance Food Group . There are relatively few major reports in the morning. Brinker International ...

... with providing empty tank wagons to suppliers persist. Essentially, refineries are producing enough fuel, but RZD is delivering it irregularly, creating logistical challenges, the expert believes. Sergey Tereshkin, General Director of the OPEN OIL MARKET petroleum product marketplace, notes that regulators cannot avoid lifting the export ban, as by the end of December, the current restrictions will have been in place for five months. In comparison, the previous ban introduced on March 1, 2024, lasted just two and a half months (from March 1 to ...