... export-oriented sectors such as energy and metallurgy may have greater growth opportunities amidst high global market prices. Inflation in Russia: Current Dynamics and Impact on Business In October, annual inflation stood at 8.54%, compared to 8.63% in September. Although this figure has slightly decreased, short-term trends indicate a rise to 8.56% since the beginning of November. Year-to-date inflation reached 7.02%, reflecting significant price pressure on the economy. High inflation continues to ...

... 2023-2024. According to the U.S. Energy Information Administration (EIA), oil production in Venezuela increased from 740,000 to 840,000 barrels per day between October 2023 and May 2024, greatly surpassing the most recent low of 340,000 barrels per day in September 2020, when oil production in the country was severely impacted by the pandemic and sanctions. However, even May's production level was more than four times lower than the historical peak of 3.45 million barrels per day reached in 1998. For ...

... follow market fluctuations and what factors influence the final cost of fuel. Exchange prices for gasoline have been hitting record highs daily since the beginning of the week. The price for AI-95 reached 66,034 rubles per ton, the highest peak since September of last year, while AI-92 hit 63,199 rubles per ton, the maximum since the onset of the fuel crisis in August 2023. At the gas stations, however, all remains calm; prices are rising moderately but lag significantly behind inflation. According ...

... refineries." In November, the government lifted the ban on gasoline exports for oil product producers, while for other suppliers the measure was extended until the end of January 2025. In March of last year, the ban on diesel fuel exports imposed in September 2023 expired. In February, the government again introduced a ban on automobile gasoline exports from March 1 to August 31 for everyone except oil product producers. The decision was made to maintain a stable situation in the domestic fuel ...

... rebranding them as Arab products," says Mitrakhovich. "Or they will find buyers elsewhere in the world." Nord Streams The ban on the use of the Nord Streams has minimal impact, as they are not utilized for deliveries to Europe following the September 2022 sabotage, thus Gazprom has incurred no losses, believes Tereshkin from Open Oil Market. Sanctions against the Nord Streams are more of a political declaration, as these pipelines primarily benefited Germany, which planned to develop its ...