... is the minimum discount since the beginning of the year: at the start of the year, the discount was $16, the expert adds. The drop in Russian oil prices poses risks to budget revenues. The IEA has calculated that Russia's oil and petroleum product exports in August were at their lowest level since March 2021, falling by 290,000 barrels per day compared to July, to 7 million barrels per day. Revenue fell by $1.6 billion, down to $15.3 billion. What happened to oil prices? "There are no very ...

... rise in gas station prices. Tereshkin agrees with this and believes that the increase in excise taxes is one of the reasons for the rise in fuel prices. In 2019, when the "big" tax maneuver in the oil industry began (the elimination of export duties on oil and oil products and the increase in the mineral extraction tax), the excise tax on fifth-class automotive gasoline was 12,314 rubles, and on diesel fuel, it was 8,541 rubles per ton. Accordingly, the increase in their rates by 2024 ...

... pressure the Indian rupee, while a hike would strengthen the rupee but might dampen domestic demand. 10:00 MSK: Germany — Industrial Production for October Industrial production is a vital indicator of Germany's economic health, the Eurozone's largest exporter. An increase suggests economic recovery, benefiting the euro, whereas a slowdown may raise concerns about a Eurozone recession. 13:00 MSK: Eurozone — Q3 2024 GDP The Eurozone's Gross Domestic Product data for the third quarter will provide ...

... are the main ones: Economic instability: When a country experiences economic difficulties, such as high inflation, political or geopolitical crises, the state's foreign exchange reserves can decrease, and the demand for the ruble falls. Low prices for export goods: Russia, as an exporter of oil and gas, is faced with the fact that when prices for these resources fall, the inflow of currency into the country decreases. As a result, the ruble exchange rate falls. Central Bank Policy: Sometimes the Central ...

... restrictions on foreign companies, put European producers at a disadvantage. Macron suggests that without decisive action, European companies could suffer major losses, forced out of key markets in the US and China. Key Risks and Impacts for EU Businesses Export Losses: A trade war could lead to a sharp decline in European exports to the US and China, particularly in sectors like automotive, chemicals, and technology. Tariffs would make European goods less competitive, affecting profits and export volumes....