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Cryptocurrency News - Friday, August 29, 2025: Bitcoin at Historical High, Altcoin Season and Institutional Influx
On August 29, 2025, a significant milestone was reached in the cryptocurrency world. Bitcoin achieved an all-time high, crossing the $100,000 mark. Investors from around the globe are closely observing the surge in value, driven by a massive influx of institutional ...
Energy Market News – Tuesday, July 29, 2025: Brent around $70 amid US-EU deal, gas reserves in Europe, gasoline export ban in Russia
... detailed overview of key events and trends in the oil, gas, electricity, and other segments of the energy market as of July 29, 2025.
Oil Market: Price Increases and Influencing Factors
Oil
started the week with a confident rise. The North Sea Brent ... ...
OPEC+ countries continue to gradually increase production. An increase of about 548,000 barrels per day in quotas is expected in August (above original plans), with a similar rise likely in September. Recently, the OPEC+ monitoring committee reaffirmed its ...
An expert predicted a rise in oil prices due to a reduction in production in Libya.
Expert Tereshkin: Oil Production Cut in Libya Will Boost Prices Temporarily (Izvestia).
On August 29, 2024, Sergey Tereshkin, the CEO of Open Oil Market, stated in an interview with Izvestia that the suspension of production at Libya’s largest oil field, Sharara, could reduce global oil supply by 300,000 barrels per day, which is about 0.3% of the ...
Starting from August 1, the ban on fuel exports will be reinstated. What does this mean for the market?
Comment for RBC: Starting from August 1, 2024, Russia will reintroduce the ban on gasoline exports, which will last at least until September. This decision was made amid rising wholesale fuel prices: from May 20 to July 30, the price of AI-92 increased by 13%, and AI-95 by 29%. The price hike is driven by high demand and scheduled maintenance at oil refineries.
Experts note that this model of regulation, which includes temporary export bans, could become a permanent practice for stabilizing the domestic fuel market. ...
An expert explained how the situation around the GIS "Sudzha" will affect Europeans.
... came through the GMS "Sudzha."
Secondly, the targeted gas savings by EU countries, which have been in place since August 2022 when agreements to reduce gas consumption by 15% compared to the average multi-year level took effect, will play a ... ... by 9 terawatt-hours (TWh) in the first half of 2023, but at the same time, generation at gas-fired power plants decreased by 29 TWh during the same period. The lost volume was fully compensated by an increase in generation from wind, solar, nuclear, and ...