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Weekly Economic Events Calendar for U.S. and Russian Traders (November 18 – 22, 2024)

... eurozone’s largest economy. University of Michigan Consumer Sentiment (November) — 18:00 MSK: Reflects U.S. consumer confidence. U.S. Consumer Inflation Expectations — 18:00 MSK: Future inflation gauge. Baker Hughes U.S. Rig Count — 21:00 MSK: Measures oil and gas industry activity. Focus Points: PMIs and German GDP will reveal economic health in Europe. U.S. consumer sentiment could affect stock markets. Recommendations for Russian Traders for the Week (November 18 – 22, 2024) This week is packed with impactful ...

Pressure on Russia's oil exports is set to increase.

... Urals prices are currently around $61–63 per barrel, slightly above the $60 budget threshold. Revenues above this threshold go to the National Wealth Fund (NWF), meaning basic oil revenue remains secure. Analyst Vladimir Chernov highlights that oil and gas revenues still exceed the Finance Ministry’s baseline projections, and the weaker ruble partly offsets export losses. Energy expert Kirill Rodionov believes Russia’s 2024 budget remains on track, with Brent oil prices likely to range between ...

Market Capitalization of Pop Mart Surpasses the Market Value of Gazprom and Tatneft

... investments and rise to the top in terms of capitalization. Conclusions for Investors The example of Gazprom highlights the vulnerability of traditional commodity corporations to geopolitical risks and changing market conditions. The value of even the largest oil and gas assets can plummet rapidly if a company loses marketing access and international capital. For investors, this serves as a clear signal: sectors of the new economy linked to innovation and entertainment can overshadow traditional champions of the commodity ...

The global demand for diesel is decreasing: how will this affect Russia?

... reliance on hydrocarbon exports, and explores possible adaptation strategies. On the global market, a decline in demand for diesel fuel (DF) is being recorded. The International Energy Agency (IEA) forecasts that the average daily consumption of diesel and gas oil will amount to 28.3 million barrels per day (bpd) by the end of this year, representing a 0.9% decrease compared to 2023. Meanwhile, new oil refineries (ORs) have been launched in Africa, Latin America, and the Middle East, further increasing the ...

Forbes: "Oil Resource Group": A New Level of Buying and Selling Petroleum Products

... but cannot constantly go to gas stations for it. For them, delivery directly to the work site is preferable. For example, these include road construction companies, builders, agricultural enterprises, mines, coal quarries, boiler rooms, independent gas stations, oil fields, airports, and aeroclubs. Additionally, some customers require special fuels or other petroleum products that are not available at gas stations — only through oil traders. It’s necessary to call several such companies, compare prices, and try to negotiate a ...