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Why the ban on gasoline exports did not stop the rise in gas station prices
... processing by 20% in August compared to July. Nonetheless, the anticipation of reduced production is already pushing up wholesale prices on the exchange.
Gusev argues it is too early to conclude that the export ban has failed. The ban is a long-term measure. Refinery maintenance and unmet summer demand are maintaining stable exchange purchases. Additionally, logistical issues such as delays in railway deliveries increase costs, contributing to higher prices. Uncertainty about delivery timelines further ...
The Russian government will extend the permit for gasoline exports for one month.
... reported, the government may soon decide on a complete ban on the export of diesel fuel purchased on the exchange (see the publication from June 14). Currently, there is a prohibitive tariff of 50,000 rubles per ton for non-producers. However, this measure has been ineffective, according to Vedomosti's sources. Market participants, including traders, are finding ways to bypass the ban and avoid paying the tariff.
One source clarifies that the government is discussing a ban on diesel exports by ...
Monday, November 11, 2024: Key Economic Events for Investors
... in the automotive and machinery sectors, potentially affecting the DAX and other European markets sensitive to German manufacturing.
Eurozone
Investor Confidence Index (Sentix, November) — Published at 09:30 GMT
The Sentix Investor Confidence Index measures investor sentiment across the Eurozone. A positive sentiment reading can indicate optimism regarding Europe’s economic resilience, while a drop may reflect concerns about inflationary pressures and potential monetary tightening by the ECB. ...
Trifluoroacetic Acid Accumulating in Rain: Scientists Debate the Dangers
... disperses there without harm. Thus, regulators face a dilemma: on one hand, the precautionary principle calls for restricting the emissions of any "forever" chemicals without waiting for a dangerous threshold; on the other hand, stringent measures against TFA could impact entire industries. Solving this issue will require a balanced approach and further scientific research.
Outlook: A Look into the Future
Trifluoroacetic acid is already referred to as "invisible acid rain": this ...
China has found a replacement for Russian coal.
... billion dollars, and in physical terms, it dropped by 10%, to 54.4 million tons.
The main reason for this decline is the customs duties imposed on energy and coking coal imports starting from January 2024, at rates of 6% and 3%, respectively. These measures are aimed at supporting domestic producers who have significantly increased coal production. In 2023, coal production in China exceeded the 2019 level by 23%, reaching 4,710 million tons.
Additionally, China is actively investing in renewable ...