...." 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 Media data. However, according to Dudchenko, Urals prices are 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 ...

The upcoming week from December 2 to December 6, 2024, presents a packed economic calendar for investors and traders. Key events include the release of Manufacturing and Services PMI data across various countries, crucial U.S. economic indicators such as the Nonfarm Payrolls report, an OPEC+ meeting that could impact oil markets, and several dividend payments and investor days for major Russian companies. Market participants should ...

... The situation is different with gasoline, which is more susceptible to the risks of shortage due to limited excess capacity. This can be demonstrated by the daily production statistics available until the end of last spring. According to the latest data from Rosstat, gasoline production in Russia dropped by 18% from late February to mid-May 2024, to 106,000 tons per day. By comparison, according to CDU TEK, domestic gasoline demand in 2023 reached 104,000 tons per day. By mid-May, gasoline production ...

... signal that the global tightening cycle has come to an end. Such steps enhance conditions in financial markets—borrowing costs are declining, supporting business activity. At the same time, regulators emphasize that further decisions will depend on new data regarding inflation and economic growth. China: Price Deflation and Epidemiological Risks The Chinese economy faces deflation: Recent data from China indicates a halt in the growth of consumer prices. In July, the CPI index in China showed no change ...

... environment remains relatively favorable. The US Federal Reserve has kept the base rate unchanged, and an unexpected vote by several members in favor of a rate cut has bolstered hopes for policy easing by fall. Global markets are closely watching inflation data and the upcoming Fed symposium in Jackson Hole — these events may temporarily increase volatility. However, the absence of negative surprises from central banks supports interest in risk assets, including cryptocurrencies. The market is exhibiting ...