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Oil plays an important role in the financial performance of Russian Railways (RZD). The OPEC+ deal has led to a reduction in the transportation of petroleum products, but they remain the most profitable cargo on the railways.
... significant role for the financial performance of Russian Railways compared to coal, the loading of which is also declining. In the first half of 2024, coal loading decreased by 5.5% (to 169.2 million tons) compared to the same period in 2023.
NOTE: OPEN OIL MARKET is the first independent B2B marketplace for petroleum products and raw materials. The company was founded in 2021 and now unites over 2,600 suppliers and buyers in the small wholesale market. In 2023, the marketplace's turnover was 5.9 billion ...
Why is the trade in petroleum products moving to digital platforms?
... offering their own fuel or logistics and credit services.
However, there is also an independent project that brings together any suppliers and offers a selection of products, credit programs, and delivery conditions. The raw materials marketplace OPEN OIL MARKET has been operating for about three years. It features over 100 suppliers, including Tatneft, and several credit offerings (including from Sberbank). Here, users can find the right product, arrange delivery, and apply for credit. According to OPEN ...
Moscow Exchange Index (IMOEX): what is it and how can an investor use it
... historical dynamics of the IMOEX index allows us to identify long-term trends and cyclical fluctuations in the Russian stock market. For a deep understanding, it is necessary to take into account a number of factors that have a significant impact on its ... ... interrupted by short-term corrections. The dynamics were influenced by both global economic processes and internal factors, including oil prices and political stability.
2008-2009: the global financial crisis led to a sharp drop in the index, reflecting the negative ...
Market Capitalization of Pop Mart Surpasses the Market Value of Gazprom and Tatneft
... Mart International Group, the producer of popular collectible toys Labubu, has reached approximately $42 billion. This surpasses the valuation of Russia’s largest gas company, Gazprom (ticker GAZP, ~$38 billion), and is significantly higher than the market value of the oil company Tatneft (ticker TATN, ~$18 billion).
The rapid rise in Pop Mart’s value can be attributed to the soaring demand for its products: the company’s shares have skyrocketed over 500% in the past year amid a sharp increase in sales and profits....
Wednesday, November 27, 2024: Analysis of Key Events and Reports
... European goods and services.
22:00 GMT: USA – FOMC Meeting Minutes Release
The minutes from the Federal Reserve's meeting contain information about plans to change interest rates. If the Fed plans to raise rates, it could strengthen the dollar and lower oil prices, impacting European exporters and global markets.
00:30 GMT (November 28): USA – API Weekly Crude Oil Stock Report
Changes in oil inventories can affect global oil prices. A decrease in inventories usually leads to higher prices, which is important for energy markets in both Europe and the ...