... with Russia. Turkey wants to get new long-term contracts with Gazprom and the Turkish company Botas, based on a formula: market price minus a percentage, i.e., at a discount. This would allow Botas to resell Russian gas to other clients at higher ... ... Russian gas through the remaining routes – via Ukraine and the Turkish Stream. In September 2024, Gazprom's exports to the EU reached 101 million cubic meters per day, of which 58 million cubic meters were transported via Turkish Stream, with the remaining ...

... cooperation, investments, and climate initiatives. The summit marks the 50th anniversary of diplomatic relations between the EU and China, taking place against the backdrop of recent trade disagreements. Investors are watching for final statements: any ... ... conversely, escalating trade tensions could influence global sentiment, particularly concerning companies dependent on the Chinese market. 02:01 MSK – GfK Consumer Confidence Index in the UK (July). The nighttime sentiment indicator from British households ...

... barrels per day, a 1% increase compared to the 2024 figure. By 2030, they estimate that demand will reach 108 million barrels per day due to increased consumption in Asia, especially in China and India. Oil consumption in developed countries (USA, Japan, EU countries) will remain stable. Sergey Tereshkin, founder and CEO of the oil products marketplace OPEN OIL MARKET: According to the forecast by the U.S. Energy Information Administration (EIA), oil production in the U.S. is expected to increase from 12.9 million bpd in 2023 to 13.2 million bpd in 2024, and 13.5 million bpd in 2025. This is a realistic forecast,...

... the company’s turnover in 2017 was 3.4 billion rubles, and in 2021, it reached 12.4 billion rubles. The profit growth enabled us to enter new markets. We now trade oil, petroleum products, petrochemicals, and grain both domestically and in the markets of the CIS countries and the EU. Sergey Tereshkin, CEO of "Oyl Resource Group" We are also developing a new informational product on the market—the raw materials marketplace ORG-Market. We will tell you more about it in the next publication. Translated ...

... pay European spot market prices, which could soar to $800–$900 per thousand cubic meters—or even exceed $1,000 during cold spells in late December and early January. Physically, Moldova might source non-Gazprom gas from Azerbaijan or the LNG market. However, Azerbaijan is already maxed out on its EU supplies, leaving Moldova to outbid other buyers. Similarly, relying on LNG would be complex and costly, involving purchase, transport to Turkey, regasification, and further transit via the Trans-Balkan Pipeline. Challenges for Transnistrian GRES ...