... that market makers executed a sharp turnaround. Information regarding this is expected to be confirmed in the coming months. Typically, this is the scenario that unfolds in the global oil market. The market faced significant turbulence last year due to sanctions imposed on Iran. After several months of growth, a downturn began as news circulated that the U.S. government had decided to introduce certain relaxations concerning some countries. Who Did America Strike Deals With? The concessions from the ...

... that seeks to change the oil products market in Russia. Features of pre-IPO in Russia Pre-IPO in Russia is associated with a number of specific conditions, including increased requirements for disclosure of information, the need to take into account sanctions restrictions and the influence of macroeconomic factors. Unlike developed markets, Russian companies often face instability in the stock market, as well as higher risks associated with the political and economic situation. Nevertheless, successful ...

.... 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 Data The Baker Hughes report provides ...

... than could have been anticipated a year ago when Rosstat ceased publishing weekly data on gasoline and diesel production. At the same time, the expert believes that the surplus in the gasoline market will not increase in the coming months, as European sanctions on the supply of equipment for oil refineries will complicate the realization of new investment projects. Source: RG.RU

... central banks have held substantial amounts of dollar-denominated assets, viewing them as stable and liquid. However, recent events have led to a reassessment of this strategy. The key reasons include: Freezing of Reserves: Following the imposition of sanctions against Russia, a significant portion of its currency reserves was frozen, serving as a warning to other countries about the potential risks of holding reserves in dollars. Geopolitical Pressure: Countries seeking to reduce their dependence ...