... Insights from the IEA Report for Investors The International Energy Agency (IEA) has released its latest monthly report, shedding light on current and projected trends in global oil demand and supply. For investors focused on the energy sector, this data provides valuable insights into the potential developments in oil markets and possible price fluctuations. This article delves into the key takeaways from the report, including the rise in demand, supply forecasts, and the impact of OPEC+ production ...

... 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 Serbia have become Iraq, Kazakhstan, and Azerbaijan. Source: Vzglyad

... of Russian oil and has indeed doubled its purchases of American crude. From January to April, daily imports rose to 247,000 barrels, nearly double the level of the same period last year, where daily purchases were 124,000 barrels, according to Platts data. Reuters claims that India had to increase its imports from the U.S. due to a decrease in purchases from Russia. Allegedly, India started to turn away from Russian oil to avoid U.S. sanctions, which at the beginning of the year included a new batch ...

... the country: otherwise, the increase in retail gasoline and diesel prices would significantly outpace the inflation rate. Overall, the fuel market is performing better than could have been anticipated a year ago when Rosstat ceased publishing weekly data on gasoline and diesel production. At the same time, the expert believes that the surplus in the gasoline market will not increase in the coming months, as European sanctions on the supply of equipment for oil refineries will complicate the realization ...

... price for premium AI-95 gasoline was 74,953 rubles per ton on July 28, down from a peak of 76,330 rubles per ton. The price has increased by 8.6% since the beginning of the month and by 36% since the start of the year. According to the latest published data from Rosstat, as of July 21, AI-92 gasoline at gas stations averaged 57.66 rubles per liter, up by 1.1% since the beginning of the month and by 4.5% since the end of last year. AI-95 gasoline rose by 1% since the start of the month and by 4.5% since ...