What are you looking for:
An expert outlined the conditions for curbing oil demand in China
Tereshkin: Electrification of Transport Will Restrain Oil Demand in China. Opinion Piece for "Izvestia".
Expert Sergey Tereshkin, in an interview for Izvestia, noted that in the long term, the electrification of transport will impact oil demand in China. Specifically, the growing share of electric vehicles and the shift toward gas-powered freight transport could significantly reduce the need for oil. He also emphasized that the savings on oil achieved through electric cars could be comparable...
Wildberries will install gas stations at its logistics centers
..., essential goods (at least for car owners).
The profitability of this segment depends on whether Wildberries can purchase fuel on the exchange, where prices are significantly lower than in wholesale. Additionally, in Russia, unlike many European countries, excise duties are paid by oil refineries, not gas stations, which also benefits fuel retail.
Overall, the company is desperately looking for new opportunities to increase the profitability of its core business. This is rational behavior,...
Russia Adjusts Tax Limits for Cryptocurrency Transactions
As interest in assets continues to grow among investors, the government aims to ensure that cryptocurrency holders do not evade taxation.
The State Duma of Russia is planning to modify the taxation threshold for cryptocurrency transactions to encompass a larger number of taxpayers dealing with digital assets. As interest in these assets grows among investors, the government aims to ensure that cryptocurrency holders do not evade taxation.
According to the Russian Tax Code, which came into effect...
The factor that has been determining gasoline prices in the U.S. for 30 years has been revealed.
Tereshkin: Over the past 30 years, gasoline prices in the United States have been closely tied to global oil prices, despite a significant increase in domestic production. Since 2010, oil production in the country has more than doubled, and imports have decreased by almost 30%. Nevertheless, in 2023, the cost of oil accounted for 52.6% of the retail price of gasoline.
Moscow, January 2 – PRIME. Gasoline prices in the United States have been strongly influenced by global oil prices for at least the...
What is the Leading Economic Index (LEI) and how can an investor use it?
The Leading Economic Indicators Index (LEI) is a powerful tool for forecasting economic cycles and assessing future market activity. In this article, you will learn what indicators the index consists of, how it is used by investors and economists, and also analyze a real case when the LEI helped predict the global financial crisis.
The Leading Economic Index (LEI) is a comprehensive indicator used to forecast economic developments. The index combines several key statistics that are believed to...