... oversupply: Saudi Arabia has extended voluntary production cuts of 1 million barrels per day (August), and Russia is limiting exports by 500,000 barrels per day. Thanks to these measures, global supplies remain restrained. Gold is soaring, reclaiming its ... ... market has reacted positively to Meta's return to sustainable profit growth. ExxonMobil and Chevron – The American oil and gas giants experienced a decline in profits due to falling energy prices compared to last year, but they maintain a stable financial ...

... These figures reveal consumer expectations of future price increases. Moderate inflation expectations are favorable, indicating manageable inflationary pressures. 21:00 MSK: USA — Baker Hughes Rig Count This report monitors activity in the oil and gas sector. An increase in rig count suggests higher oil production, potentially pressuring prices. A decrease could lead to rising oil prices, benefiting exporters like Russia. Speeches by Central Bank Representatives (Bowman, Goolsbee, Daly, Federal Reserve) Comments from Federal Reserve officials may offer clues about monetary policy plans. Statements regarding potential rate adjustments will prompt ...

... Expected change: +1.9%. Thursday, December 12 Russia: Trade Balance (October) (16:00 MSK) Data shows the difference between exports and imports. The trade balance plays a key role in ruble exchange rate dynamics. Eurozone: European Central Bank Rate ... ... Economic Forecasts (17:45 MSK) ECB forecasts are important for assessing economic growth and inflation prospects. US: Natural Gas Inventory Data (18:30 MSK) The EIA report will provide information on gas inventory status, important for the energy market....

... market as part of its budgetary regulations, positively impacting currency supply. Tax Period During this time, exporters traditionally sell currency to pay taxes, increasing demand for rubles. Rising Commodity Prices The increase in the prices of oil, gas, and gold — Russia's main export commodities — supports currency inflows and strengthens the ruble. High Interest Rates The attractiveness of ruble-denominated assets for investors remains high due to significant interest rates. Restrictions on Currency Outflows Current restrictions ...

... balance continues to support the national currency. Main Risks for the Ruble Despite moderate predictions, analysts highlight several risk factors that may exert pressure on the ruble: Sanctions: Potential tightening of restrictions related to oil and gas exports, as well as Russian banks' access to international settlements. Federal Reserve Rates: An increase in interest rates by the U.S. Federal Reserve could intensify capital outflow from emerging markets, including Russia. Oil Prices: Fluctuations ...