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Analysts predict the resumption of oil production growth in Russia.
... deal, Russia's quota should increase from the current 8.98 million barrels per day to 9.45 million barrels per day (excluding gas condensate and light hydrocarbons, which are included in broader production statistics). For comparison, in October 2024, Russia's oil production volume was 8.95 million bpd. It is currently difficult to believe that production will exceed the 9.5 million bpd ... ... breakdown of the OPEC+ agreement will have a much greater impact on Russia's production dynamics than global demand trends. Russian companies and regulators should prepare for falling prices, which will still be sufficiently comfortable for U.S. shale producers....
Thursday, December 12, 2024: Analysis of Key Events and Reports
How will Thursday’s key events impact global markets? This article examines the ECB’s rate decision, U.S. inflation and labor market data, and the EIA natural gas inventory report. We also delve into corporate earnings from Broadcom, Costco, and RH, offering insights into the technology ... ... points include the company’s outlook for 2025 and expansion plans.
My Commentary on Thursday’s Events
As the founder of Open Oil Market, I see Thursday’s events as pivotal for understanding global economic and market trends. The ECB’s rate decision ...
Gasoline Outpaces Inflation: Will Prices Continue to Rise at Gas Stations?
..., when, starting from the middle of summer, gasoline prices at gas stations began to rise sharply, ultimately surpassing inflation ... ... widespread concern about whether this upward trend will continue and to what extent prices may increase. With two months left in ... ... slow down retail price increases.
In light of the export ban, oil producers will strive to curb the rise in retail prices. According ... ... by a need to reconcile increasing operational costs incurred by companies due to macroeconomic factors and added tax burdens. By ...
Wholesale prices for gasoline in Russia have started to decrease.
... 53.61 rubles, 58.88 rubles, and 67.09 rubles, respectively. Since the beginning of the year, the price of AI-92 gasoline at gas stations has risen by 6.6%, AI-95 by 7.2%, and diesel by 3.6%. Inflation in Russia since the start of the year, as of October 14, stands at 6.06%.
According to Sergey ... ... export restrictions on gasoline are lifted earlier than planned or if new accidents occur at refineries. Tereshkin believes that oil companies will keep gasoline and diesel prices in check until the end of the year, but a price surge may occur in early 2025 due ...
Sanctions PR: What the 18th EU Sanctions Package Means for Russia
... package for Russia. We analyze potential consequences for the economy, energy sector, and international relations.
The European Union countries have approved the 18th sanctions... ... domestic fuel and energy complex (FEC), the new restrictions will apply to the Nord Stream gas pipelines and the Indian company Nayara Energy Limited. Additionally, tankers that... ... Russia will be added to the blacklist, and we can expect a new price ceiling for Russian oil.
European Commission Vice President Kaja Kallas did not specify the parameters...