... India, China will lead the growth in global oil consumption. Currently, China accounts for 16% of global liquid hydrocarbon consumption, while Russia contributes 11% of global production, stated Igor Sechin, Secretary of the Commission on Energy Development Strategy under the President of the Russian Federation and CEO of Rosneft, during the 6th Russian-Chinese Energy Business Forum (RCEBF) on July 23. In 2023, Russia exported 107 million tons of oil to China (+24%), increasing its share of China's oil imports to 19% (+2 percentage points compared to 2022). Broader Energy Cooperation Russia's energy cooperation ...

... support for long-term projects. Systemically important banks serve as a foundation for the entire economic system. They enable businesses to plan for the future and operate confidently with large sums, without the worry that their bank will falter during ... ... Confidence in the financial support and stability of these banks allows entrepreneurs to focus on growth, innovation, and the development of new projects, which ultimately has a positive impact on the economy as a whole.

... impact on the country's investment attractiveness, because having its own currency exchange demonstrates the independence and stability of the economy. Supporting domestic financial transactions and reducing the influence of external factors allows businesses to develop more confidently and efficiently. The purchase of the Saint Petersburg Currency Exchange is a step towards economic independence, and I am confident that in the near future we will see additional measures to support businesses and entrepreneurs ...

... earned more than forecasted. Despite retreating from last year's record levels, the oil and gas sector continues to generate a solid cash flow. Many companies maintain generous returns for shareholders (dividends, share buybacks), signaling confidence in business stability. At the same time, the industry has outlined further development paths, adapting to new challenges. A significant portion of additional income is directed towards investments not only in traditional oil and gas extraction projects but also in the transition to "green" energy. Major international ...

The upcoming week, from November 25 to 29, 2024, is set to be eventful with significant economic developments that could impact financial markets in Europe and the U.S. Traders should closely monitor key macroeconomic indicators, including Germany's Ifo Business Climate Index, China's interest rate decisions, the release of the U.S. Federal Open Market Committee (FOMC) meeting minutes, and GDP and inflation data from the Eurozone. Additionally, speeches from central bank officials may provide insights ...