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Wednesday, December 11, 2024: Analysis of Key Events and Reports
... OPEC’s monthly oil market report, U.S. inflation data, Canada’s interest rate decision, and the EIA crude oil inventory report. We also analyze key corporate earnings from Macy’s and Adobe, along with their implications for the technology and retail sectors. Discover the potential impacts on Europe, the United States, and global energy markets, with insights for investors navigating today’s complex economic landscape.
Wednesday, December 11, 2024: Analysis of Key Events and Reports
Macroeconomic ...
Global Coffee Exports: Price Surge in the 2023/24 Season
... investing in coffee futures. This surge in demand for coffee as an investment asset has further contributed to rising prices.
Impact on Consumers and the Market as a Whole
The rise in coffee prices directly impacts consumers as both production costs and retail prices increase. Global brands such as Lavazza and Starbucks are warning of potential price hikes for coffee beverages, which may affect the cost of coffee for consumers worldwide. Rising procurement and processing costs lead to price increases ...
How much do gas stations earn in Russia?
... two. The growth of non-fuel businesses contributes to revenue increases.
The rising fiscal burden on the oil business in Russia, coupled with the government's efforts to limit fuel price increases, has made the profitability of gasoline and diesel retail sales increasingly dependent on the development of additional services by gas station owners, such as selling non-core products. Profit margins on petroleum products, which already vary widely based on location and business scale, can also fluctuate ...
Declining Bitcoin Dominance Amidst Rapid Growth of Ethereum and Altcoins
... and tokens from the AI and DeFi sectors (TARS AI, Ethena, etc.) have doubled over the past week. Meme coins are not far behind: the price of Pepe (PEPE) skyrocketed over 40%, while Shiba Inu (+30%) and Dogecoin (+10%) continued their rally fueled by retail investors’ hype. Such spikes contribute to the decline in BTC dominance and the increase in the overall capitalization of altcoins, reflecting shifting trends in the market. The heightened volatility of altcoins, combined with positive news, ...
Wholesale prices for gasoline in Russia have started to decrease.
... Additionally, the situation with the shipment of petroleum products from refineries to railroads is gradually normalizing.
Sergey Tereshkin, CEO of Open Oil Market, attributes the current drop in wholesale prices to oil companies' efforts to stabilize retail prices and lift the export ban on gasoline. He notes that up to 20-25% of all gasoline produced in Russia is currently traded on the SPIMEX. The exchange's regulatory minimum for refinery trading is 15% of gasoline production and 16% of diesel....