... large tariff war over European automotive industry has receded. Shares of major automakers (Volkswagen, BMW, Stellantis) surged on news of the compromise, as the risk of 25–70% tariffs on car exports to the U.S. was lifted. However, uncertainty in global trade remains – negotiations between the U.S. and China as well as other partners are ongoing, and European businesses are still accounting for the possibility of new barriers in the future. The eurozone economy stagnated in Q2 (~+0.1% q/q), and inflation ...

... reflecting investor caution. Market participants are evaluating prospects and adjusting strategies following a volatile end to the previous week, with significant upcoming events capable of substantially impacting trading dynamics. Focus remains on the global trade situation (new import tariffs in the US have heightened uncertainty), forthcoming macroeconomic data, and signals from central banks. Many analysts have already factored in potential shifts in policies from leading regulators (expectations for a ...

... filling its gas storage facilities for winter, utilizing the influx of LNG and alternative supply routes. At the same time, the global energy transition is gaining momentum, although short-term needs are forcing several countries to revert to traditional ... ... The US and its allies are intensifying sanctions pressure aimed at limiting Russia's revenue from oil and petroleum product trade. Following the western coalition's decision to lower the price cap on Russian oil from $60 to $47.6 per barrel (the new ...

... Gulf with the Indian Ocean. Its shipping lanes are just 3 km wide in each direction, rendering passing vessels susceptible to mines, missile strikes, artillery fire, and interception via boats and helicopters, notes Bloomberg. The strait is crucial for global oil and liquefied natural gas (LNG) trade. According to Bloomberg, in 2024, approximately 16.5 million barrels of oil per day, or 26% of global supplies, were transported through the strait from Saudi Arabia, Iraq, Kuwait, the UAE, and Iran. Furthermore, nearly one-fifth of the world's ...

... Gas Index will be difficult because the trading volumes will be insignificant. As a result, the Turkish gas hub will mainly trade gas surpluses from Russia, Azerbaijan, or the LNG market, according to the expert. However, Turkey has long-term goals ... ... expanding LNG liquefaction capacities. In the latter case, Turkish gas will be available not only for the European but also the global market,” Tereshkin concludes. Translated using ChatGPT. Source: https://vz.ru/economy/2024/11/2/1295757.html