.... Sergey Tereshkin, CEO of OPEN OIL MARKET, noted that supplies through the CPC infrastructure are more convenient for Kazakhstan; however, the use of Druzhba is necessary due to the need to bypass infrastructure limitations. He also emphasized that oil production in Kazakhstan has decreased by 50,000 barrels per day from December 2023 to July 2024, which could impact the achievement of supply targets through Druzhba this year. The Kazakh company "Agip Caspian Sea," a subsidiary of the Italian ...

... us refine our business model. Thanks to our collaboration and the support from the mentors, our team was able to present the project to the Sberbank board and defend it with the highest score, marking an important milestone in the development of Open Oil Market and allowing us to reach a new level. Key Programs of IIDF Acceleration Program IIDF's acceleration program is aimed at technology startups that are in the product development stage or already have an initial version ready for market testing. The program lasts three months and includes training, mentorship, product development support, and assistance in attracting investments. Financing and Participation ...

... recession risks, and Lagarde has yet to reveal cards – this has kept the market from premature movements. Oil Market: API Report on US Inventories Late in the evening, at 23:30 MSK, as usual on Tuesdays, the American Petroleum Institute (API) report on oil and petroleum product inventories in the US will be released. While this data does not constitute official government statistics (official figures are published by the EIA on Wednesdays), oil traders closely monitor the API as it provides an early signal. This time,...

... 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 ...

... price growth," he predicts. Nevertheless, extending the export embargo can be considered the right measure for the market, believes Gusev. "This year, the government has been using preventive measures to reduce tension in the wholesale oil product market, and accordingly, it has 'frozen' the status quo, prioritizing supply to the domestic market. If the domestic market becomes saturated and there is a need to load refineries, then the ban will be lifted," Gusev concludes. ...