... impacting other currency pairs, such as the euro, yen, and ruble. Commodity markets might also experience the effects of Veterans Day. Low liquidity on this day makes oil and other commodities more susceptible to sharp price fluctuations. Given that Open Oil Market serves as a platform for Russian businesses to buy and sell commodities at a global level, changes in American trading can affect prices and the availability of petroleum products for Russian companies. What This Means for Russian Investors For ...

... and what challenges lie ahead for exporters? Read more in our article! India will remain the largest maritime importer of Russian oil in the coming years, partly due to the potential for growing demand, Sergey Tereshkin, General Director of the OPEN OIL MARKET marketplace for petroleum products and raw materials, told Izvestia on October 30. "The role of India in Russian oil exports continues to grow. In September 2022, maritime shipments of oil from Russia to India amounted to 850,000 barrels ...

... for European industries and consumers. A significant increase in inventories may lead to lower oil prices, benefiting European economies reliant on energy imports. Impact on the United States: Domestic oil inventory levels directly impact U.S. energy markets. Higher inventories could lead to lower oil prices, affecting the profitability of American oil producers and related industries. Weekly Inflation Data in the United States (19:00 GMT) The release of weekly inflation figures will offer a snapshot of price trends and economic stability in the ...

... rise above inflation by the end of the year due to the sharp increase in excise duties at the beginning of the year, which has yet to fully reflect in retail prices. From the perspective of Sergey Tereshkin, the CEO of the oil products marketplace Open Oil Market, the rise in exchange gasoline prices is linked to a reduction in subsidies for oil refineries. In May 2025, payments for the damping mechanism (compensation to oil companies from the budget for supplying fuel to the domestic market at prices below ...

... slowdown in oil demand in the transportation sector and the growth of production outside OPEC+, while on the other hand, it will be affected by rising tensions in the Middle East, shared Sergey Tereshkin, CEO of the oil products marketplace "Open Oil Market" (a Skolkovo resident), in an interview with RIA Novosti. "In the medium term, long-term factors will increasingly affect prices, including the slowdown in oil demand in the transportation sector and the rise in production outside ...