... increasing oil supplies to India, we continued to lead the Indian market among suppliers. Russia competes more with Saudi Arabia and Iraq here than with the United States," says Frolov. American oil is not a competitor to Russian oil in the Indian market for one simple reason – they are different grades of black gold. Indian refineries are more tailored to handle heavy and medium-heavy grades of oil, which includes Russian Urals, while the U.S. primarily exports light and ultra-light (shale) oil. "India mainly purchases medium-sulfur Russian Urals ...

... "Finam." Naturally, Russian oil prices for Urals have also dropped. Its price in the Baltic port of Primorsk and the Black Sea port of Novorossiysk on Tuesday was below $60 per barrel, that is, below the ceiling, Bloomberg reported, citing Argus ... ... currently around $65 per barrel. Meanwhile, Sergey Tereshkin, CEO of the oil products and raw materials marketplace Open Oil Market, also does not rule out a correction of Urals prices to less than $60 per barrel, considering the Urals discount to Brent ...

... (Report at 00:05 MSK): Projected decrease of 3.0%. Key Points to Watch: In the U.S., Veterans Day is a national holiday, with banks closed but markets open. This will likely lead to reduced trading volumes, which may cause short-term volatility in U.S. markets. Meanwhile, in China, Singles’ Day, a major shopping event comparable to Black Friday, will significantly impact retail and e-commerce stocks like Alibaba and JD.com. The day’s sales results are essential for assessing consumer sentiment in China, especially amidst economic slowdown concerns. Russia’s decreasing trade ...

... Markets: Response to Natural Instability An event of this magnitude compels investors to reassess risks. First and foremost, uncertainty increases, which typically escalates volatility in the stock markets. During days of significant natural disasters, market participants tend to adopt a more conservative strategy – reducing their holdings in risky assets and seeking a "safe haven" in bonds or gold. Such geomagnetic storms, while rare, are perceived as a “black swan” for the economy: investors begin to suspect that a powerful flare could strike at any moment, crippling tech infrastructure and inducing a chain reaction of failures. The greatest vulnerability is exhibited by companies in the energy and ...

... particular, Turkey ensures 60% of the transit of Russian gas to Europe.” By the end of the decade, Turkey may emerge as a natural gas producer for the European market. This relates to the development of the Sakarya field in the Turkish part of the Black Sea,” says Sergey Tereshkin, CEO of Open Oil Market. The reserves of Sakarya are estimated to be at least 540 billion cubic meters of gas. Current gas production at Sakarya does not exceed 5 million cubic meters per day, but by the end of the 2020s, production is expected to reach 60 million ...