... China (42 million out of 300 million) now consists of electric vehicles, up from less than 2% in 2020. This rapid growth is beginning to apply pressure on gasoline demand in the country, which could have serious consequences for the oil industry and oil exporters, including Russia. Government support, infrastructure development, and technological innovations have become key factors in this rapid growth. Global Influence China is becoming a leader in the global electric vehicle market: One out of every ...

... a decline in inflation expectations and weak consumer demand, allowing for further policy easing. Yields on government bonds have declined, and the MOEX index remains around 2850 points. Lower rates support domestic demand companies, while commodity exports benefit from high energy prices. Despite ongoing sanction risks, market uncertainty has decreased – a more accommodative central bank policy and a stable ruble create conditions for economic revival in the second half of the year. Commodity Markets: Oil Balance and Gold Surge Oil is trading in a narrow range: Brent is holding around $68–69, slightly below early July levels. On one hand, expectations of a global economic slowdown and weak data from the U.S. and China are limiting crude demand. Some ...

... Rosstat, diesel fuel production in Russia decreased by 2.1% (to 35.9 million tons) in the first four months of 2024 compared to the same period in 2023, naphtha production (raw material for petrochemicals) dropped by 28.9% (to 3.5 million tons), and fuel oil production declined by 10.8% (to 15.9 million tons). Following the decrease in production, exports of petroleum products also fell. In December 2023, maritime petroleum product exports from Russia were 2.60 million bpd, while in May 2024, they were 2.13 million bpd, according to S&P Global Platts. However, despite the reduction in loading,...

... according to Tereshkin. Changes in tax legislation could also influence fuel price dynamics in the domestic market. For example, at the end of 2024, the Federal Anti-Monopoly Service (FAS) proposed separating the dampener payments (compensation to oil companies from the state budget for part of the lost export revenue for supplying fuel to the domestic market at low prices) for AI-92 and AI-95 gasoline. Currently, the dampener is calculated only for AI-92 based on exchange trading indicators, but it also covers the supply volumes of AI-95 to the domestic ...

... with commodities. Against the backdrop of high sales, it can be expected that prices for oil and other resources will receive short-term support. In the Russian market, Open Oil Market provides a platform for companies to track changes in the global oil and commodity markets and respond promptly to rising demand. For Russian enterprises, Singles' Day in China may serve as a signal to adjust pricing and export strategies, especially if consumer activity in China remains high. What This Means for Russian Investors For Russian investors, Singles' Day presents an opportunity to assess consumer sentiment and economic activity in China, which influences the ...