... It is likely that the price increase will also be observed on August 9, but the average monthly prices will not exceed $500 per thousand cubic meters. This forecast was made for Prime by Sergey Tereshkin, CEO of the oil products marketplace OPEN OIL MARKET. First of all, the relatively low share of supplies through the GMS "Sudzha" in the overall gas import structure to the EU will have an impact. According to the European Network of Transmission System Operators for Gas (ENTSOG), total gas imports to the European Union, including transit supplies via Serbia and North Macedonia, reached 800 million cubic meters per day (m³/day) ...

Tomorrow brings critical decisions from the central banks of Turkey and South Africa, shaping emerging market currencies and global trade dynamics. U.S. labor market data and EU consumer confidence reports will set the tone for market movements, while corporate earnings from tech giants like Baidu and PDD, along with U.S. retail leaders, provide insights into sector performance. Key Economic Events for Thursday, November ...

... above the historical norm, although substantially lower than the crisis highs. Overall, record storage levels reduce the likelihood of sharp price spikes this winter, which is positively received by investors and industrial gas consumers. Meanwhile, market players are closely monitoring the EU's further steps toward enhancing energy security. Notably, Brussels has extended the regulations for mandatory storage filling for another two years to maintain high reserve levels for future winters, and discussions on potential new restrictions on ...

... for oil products: the share of the Asia-Pacific region in Russian product exports increased from 16% to 36%, while Europe's share dropped from 59% to 20%. Gas Market: Record Stocks in Europe Mitigate Risks, Prices Show Stability The focus in the gas market remains on Europe. EU countries are rapidly replenishing natural gas in underground storage as they prepare for the winter season. By early August, European UGS facilities are nearly 75% full (compared to ~59% a month earlier) – an unprecedented high for this time of ...

... manifestations of "double standards." National Interests Above All: India asserts that its priority is to ensure affordable energy prices for its population and economy. Purchasing Russian oil helps curb fuel price increases in the domestic market. The West Trades with the RF: In New Delhi's reminder, EU countries still import gas, petrochemicals, fertilizers, and other resources from Russia, while the U.S. continues to procure certain categories of Russian goods (such as nuclear materials). This undermines the demand for a complete cessation of trade ...