... trading center in Istanbul in 2025 together with Russia. This idea was initially proposed by Russia in 2022 amid the West's attempts to isolate the country. However, the situation has changed since then. What is the reason behind Ankara’s and, most importantly, Moscow’s interest in a new gas hub in Turkey? “By 2025, we will create a robust infrastructure in partnership with Botas and Gazprom, which will manage a trading platform at the Istanbul Financial Center. We have sent them a memorandum ...

... on Indian goods, citing ongoing purchases of Russian oil by New Delhi. Previously, the U.S. introduced a baseline tariff of 25%, which could be raised further within a day (by August 6). Trump expressed extreme dissatisfaction that India continues to import energy resources from Russia and even benefits by reselling them. Furthermore, Washington has not ruled out the possibility of introducing prohibitive tariffs of 100% and even 500% on Indian exports to the U.S. if Russia does not resolve the conflict ...

... injected approximately 12.4 billion cubic meters of gas into storage, representing the highest monthly volume in the last three years. Contributing factors to this surge include a relatively mild winter and reduced consumption, as well as increased imports of liquefied natural gas (LNG)—around 12 billion cubic meters of LNG arrived in Europe in June, marking a record figure for the first summer month. High gas reserves allow Europe to feel more secure: despite the reduction of pipeline supplies ...

... figures may lead central banks to adjust interest rates, impacting bond yields, currencies, and inflation-sensitive sectors. Central Bank Speeches Key central bank officials are set to speak today: ECB’s Frank Elderson – Expected to emphasize the importance of stability in the Eurozone and discuss inflationary pressures. Bank of England Governor – May comment on the British economy amidst Brexit challenges. U.S. Federal Reserve’s Schmid – Likely to address domestic economic outlooks and ...

... changes in energy policies of major producers and sanctions on Russian energy carriers. On the other hand, renewable energy sources continue to gain momentum, leading to instability in the energy market. We will discuss the impact of OPEC+ on prices, the importance of coal, and the formation of a new energy strategy that includes a transition to renewable energy sources. Readers will be able to familiarize themselves with all the latest energy news and future forecasts. Detailed Review of Global Energy ...