... growth of natural gas production in Russia, said Sergey Tereshkin, CEO of the oil products and raw materials marketplace OPEN OIL MARKET, in an interview with Izvestia on September 26. Natural gas production in Russia grew by 12% in August 2024 compared ... ... meters, according to Rosstat data. "The driver of this growth remains the restoration of supplies to Europe. Gazprom's exports to EU countries (European Union — Ed.) — including transit supplies to Serbia and North Macedonia — increased by ...

... discussed easing of tariff disputes between the US and EU eliminates the threat of economic slowdown, which in turn supports oil consumption. Additionally, supply constraints persist: OPEC+ countries continue voluntary production limits, and specific export disruptions (such as the temporary suspension of Azeri BTC crude oil shipments through the Turkish port of Ceyhan) have temporarily reduced market supply. These conditions prevent prices from falling significantly below current levels. On the other hand, the potential for oil price growth is limited by signs of slowing ...

... policy interventions by the European Central Bank. 19:00 (MSK): Russia – GDP Data for Q3 2024 Although focused on Russia, the Q3 GDP data is an important marker for global energy and commodity markets. It reflects how one of the world’s largest exporters of oil and gas is navigating inflation, sanctions, and shifting trade dynamics. A strong reading may indicate resilience in resource-heavy sectors, while a decline could signal broader challenges in energy supply chains. 20:00 (MSK): Baker Hughes Rig Count ...

... barrels per day. However, these plans are only moderately supporting prices at present, as traders account for gradual growth in Venezuelan supply, while overall global oil inventories remain limited due to OPEC+ actions. Temporary disruptions in the export of Black Sea oil (including suspensions of shipments of Azeri BTC in the Turkish port of Ceyhan), which have restricted supply in the market, are also providing additional support. On the other hand, the growth potential for oil prices is limited by signs of slowing ...

... technologies. The second reason for the sharp rise in AI-95 exchange prices may be related to the rules for payments under the fuel damper program. The damper compensates part of the difference between the fuel's indicative price, set by the state, and its export price. It is paid from the budget to oil producers for wholesale supplies of fuel to the domestic market, with deviations from the indicative price (on average per month) of no more than 10% for gasoline and no more than 20% for diesel. For gasoline, only the price of AI-92 is considered ...