... of Transparency How does the process of buying and selling petroleum products look today for the end B2B consumer in small wholesale (e.g., an agricultural or construction company)? Let me simplify the chain of interactions: Fuel is produced at oil refineries (refineries) and then sold through the St. Petersburg Commodity Exchange at the lowest market price. Large companies (e.g., Russian Railways) that use petroleum products for their own needs are among the buyers, as are large traders who ...

... reinstated a ban on gasoline exports. The restriction does not apply to shipments under intergovernmental agreements or humanitarian supplies. The ban, originally set to begin on March 1, 2024, for six months, was lifted for a period from May 20 to June 30,... ... with the shipment of petroleum products from refineries to railroads is gradually normalizing. Sergey Tereshkin, CEO of Open Oil Market, attributes the current drop in wholesale prices to oil companies' efforts to stabilize retail prices and lift the ...

... the 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 ...

... several large American corporations from various sectors will release their financial reports. Their results will provide insights into the health of Corporate America amidst an economic slowdown and rising costs driven by recent inflation. Energy: Oil and gas giants ExxonMobil and Chevron will present quarterly results reflecting the impact of oil price dynamics on profitability in the sector. A decrease in metrics compared to last year's record figures is anticipated; however, investors will concentrate ...

... stable ruble create conditions for economic revival in the second half of the year. Commodity Markets: Oil Balance and Gold Surge Oil is trading in a narrow range: Brent is holding around $68–69, slightly below early July levels. On one hand, expectations ... ... 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 status as a safe asset. After a brief correction in July, the precious ...