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La Niña: What Is This Natural Phenomenon and How Does It Affect Earth’s Climate?
... Philippines.
Australia – intense rains and cyclones increase, raising the risk of destructive storms.
North America – in the western USA, droughts intensify, while the eastern states experience abnormal cold and snowfall.
South America – countries like Brazil and Peru face increased risks of landslides and catastrophic flooding.
Africa – eastern parts of the continent see a decline in rainfall, which may lead to droughts and food shortages.
Europe – the impact of La Niña is less pronounced, but ...
Monday, December 2, 2024: Analysis of Key Events and Reports
... Manufacturing PMI (Nov)
Stability in the indicator is expected, suggesting maintenance of current growth rates.
13:00 MSK: Eurozone - Unemployment rate (Oct)
A decrease in unemployment is predicted, indicating an improving labor market situation.
16:00 MSK: Brazil - Manufacturing PMI (Nov)
An increase is expected, reflecting positive trends in the Brazilian economy.
17:30 MSK: Canada - Manufacturing PMI (Nov)
A slight improvement is forecast, indicating recovery in the industrial sector.
17:45 MSK: USA - ...
The Future of the Dollar and the Prospect of a BRICS Currency: Insights from Putin’s Statements
... trust, describing this as a “serious mistake” on the part of the U.S. government.
Is a BRICS Currency Realistic?
The concept of a BRICS currency has been a topic of ongoing debate among economists and policymakers. The BRICS alliance—comprising Brazil, Russia, India, China, and South Africa—represents some of the world’s largest emerging markets and holds significant potential for economic integration. Establishing a shared currency would reduce BRICS nations’ dependence on the dollar ...
Will production fall in Iran and Venezuela? Should the market expect a sharp rise in prices or increased competition among exporters?
... level was more than four times lower than the historical peak of 3.45 million barrels per day reached in 1998.
For further production growth, Venezuela will need to attract investors, who already have ample opportunities in South America. Neighboring Brazil plans to increase oil production from the current 3 million barrels per day to 5 million barrels per day by the early 2030s through the introduction of new floating production, storage, and offloading (FPSO) units on the Atlantic shelf. Argentina,...
Buyers Battle for Russian Oil in Europe
... development—Serbia fits this profile perfectly. However, Russian exporters need to expand their pool of available alternatives, a challenging task given the slowdown in oil demand and the emergence of new major suppliers, including from South America (Brazil, Guyana, Argentina),” states Sergey Tereshkin, General Director of Open Oil Market.
According to his data, Serbia's total oil import in 2023 reached 3.5 million tons, while in 2024 it is expected to be 2.6 million tons. Key suppliers of oil to ...