... economic events slated for Thursday, December 5, 2024. The article delves into significant macroeconomic indicators, including Switzerland's unemployment rate, Germany's manufacturing orders, and the Eurozone's retail sales figures. A focal point is the OPEC+ meeting and its potential ramifications on global oil prices and the Russian economy. Additionally, the piece evaluates the U.S. trade balance, initial jobless claims, Canada's Ivey PMI, and the EIA's natural gas storage data. Insights are provided on ...

... of 90% filling of UGS facilities before the heating season and securing alternative gas supplies will determine the pricing situation in the gas market in the fall and winter. OPEC+ Actions: The implementation of planned oil production increases by OPEC+ countries and decisions that may be made at upcoming alliance meetings will influence market balance and oil price dynamics. Fuel Market in Russia: The effect of the export ban on gasoline in the Russian Federation and subsequent authorities' decisions (lifting or extending the ban after August) will impact domestic ...

... through LNG), will define the situation in the gas market this fall and winter. Adequate reserves can mitigate prices, whereas delays in schedules or supply disruptions may return volatility. Actions by OPEC+ and Production Levels. The fulfillment of OPEC+ countries' planned oil production increases, as well as potential decisions in upcoming meetings of the alliance, will influence market balance and price dynamics. In addition, production levels in the U.S. and other independent producers (the shale sector) may adjust supply-demand ratios in global oil markets. Fuel Market in Russia. The ...

... settled in the $68-70 per barrel range: the recent growth momentum has been offset by expectations of increased supply from OPEC+. Despite the recent uptrend, current oil prices are still 10-15% lower than a year ago – a reflection of market correction ... ... disputes continue, and it is expected that the U.S. Federal Reserve will maintain its interest rate without changes during its meeting on July 30. Loose monetary conditions, along with resolution of trade disputes, could support fuel demand in the second ...

... for oil products and raw materials, explained to the nprom.online portal the reasons behind the increase in supply. "First, the easing of OPEC+ quotas will play a significant role. According to the schedule published after the June ministerial meeting of OPEC+, Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Oman, and Algeria will increase quotas by more than 540,000 barrels per day by December 2024 compared to the levels set for the June-September 2024 period. The largest quota increases will ...