Found: 362

Russia Launches Independent Gold Exchange: An Alternative to LBMA and a Step Towards Dedollarization

... gold through unallocated metal accounts, exchange-traded funds, or futures rather than purchasing bars directly. National Pricing Instead of London Pricing The primary strategic goal of establishing the new exchange is to "disconnect" the Russian gold market from the price benchmarks set in London. Historically, global gold prices have been determined through the London Gold Fixing and LBMA pricing indicators—these benchmarks serve as global reference points for market participants. However, Russia ...

Russian oil has fallen below the price cap.

... article on Sergey Tereshkin's website discusses an important event in the global economy — the drop in the price of Russian oil below the price ceiling set by the West. The author analyzes the reasons for this phenomenon, its consequences for the Russian economy, and its impact on global energy markets. The material highlights the role of sanctions, market changes, and expert forecasts, focusing on possible strategic steps that Russia may take in response to this situation. Following the unexpectedly sharp drop in global oil prices, the cost ...

Friday, December 6, 2024: Analysis of Key Events and Reports

... prices. It's advisable to closely monitor key indicators and prepare for potential market fluctuations. As the founder of Open Oil Market, I believe that Friday's events provide a clear picture of global economic trends, which inevitably reflect on the Russian market. U.S. employment data, macroeconomic indicators from the Eurozone and Germany, as well as India's rate decisions, shape the overall sentiment in commodity and currency markets. For Russia, it's crucial to focus on oil price dynamics and U.S. rig ...

Why People Take Mortgages Despite High Rates?

Contrary to expectations, the Russian mortgage market is growing despite high interest rates. Why do Russians continue to take out mortgages even in the face of inflation and the risk of ruble devaluation? In this article, we examine the key reasons — from the desire to protect savings to government ...

Energy Sector News, Sunday, July 27, 2025: Brent at around $70, Record Gas Reserves, Fuel Price Stabilization

... Meanwhile, market participants are closely monitoring the EU's further steps to enhance energy security—including the introduction of new target levels for storage and potential restrictions on Russian gas imports currently under political discussion. Russian Fuel Market: Stabilization Measures and Price Reactions The internal market for petroleum products in Russia is experiencing a tense situation this summer, associated with the rapid rise in prices for gasoline and diesel fuel. In July, exchange prices for ...