... amount to 28.3 million barrels per day (bpd) by the end of this year, representing a 0.9% decrease compared to 2023. Meanwhile, new oil refineries (ORs) have been launched in Africa, Latin America, and the Middle East, further increasing the supply of diesel ... ... competition with other suppliers, who often have logistical advantages (excluding supplies to Turkey) and are not subject to sanctions. The IEA reports that declining demand has already impacted the profitability of refineries, prompting some closures ...

... forefront. Thus, oil prices are balancing between supply-reducing factors (voluntary production limits from OPEC+ countries and sanctions against Russia) and signs of weakening fuel consumption. Gold, meanwhile, continues to hold near historical highs, although ... ... towards easing looms ahead. Analysts note that amidst ongoing uncertainty, gold continues to serve as a “safe haven.” Any new spikes in volatility or signs of recession can push prices upwards again. At the same time, other precious metals corrected ...

... development of the situation and their impact on major companies and the market as a whole: Full Decoupling (hard decoupling). In a hard scenario, the U.S. imposes additional tariffs on most Chinese goods, may cancel existing trade agreements, and intensify sanctions against Chinese companies. Such a policy effectively “severs” trade relationships, forcing companies to restructure their supply chains. According to S&P Global, in a "hard" scenario, the U.S. is prepared to impose new tariffs ranging from 104% to 145%. For companies, this would mean a sharp decline in sales in China, loss of markets, and decreased corporate profits. The S&P 500 index already demonstrates sensitivity to such news: in April 2025, the index fell by ...

... decline in physical export volumes to Europe. Geopolitical factors and gas exports also set the tone for operational results. Sanctions and the political environment after 2022 led to conventional sales markets (Europe) being effectively closed: gas exports ... ... Supplies to Turkey and some Southern European countries through the Turkish Stream were maintained, even showing growth due to new agreements, but Gazprom's overall export profile is now much more Asian-oriented. The domestic market for Gazprom remains ...

... companies in nearly all sectors, which in turn affects stock prices and other assets. High inflation erodes your savings and diminishes the real return on investments – money loses purchasing power. Changes in tax legislation or the introduction of new regulations can make certain types of investments less attractive (for example, an increase in tax on income from deposits makes them less profitable). Political instability, revolutions, wars, and sanctions all impose risks on investors operating in affected regions, regardless of the condition of the specific companies involved. Non-market risks are harder to predict and control, as they are unaffected by the investor’s actions. It is impossible ...