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It became known about China's plans for the electrification of motor vehicles.
... the U.S. market. As a result, demand for gasoline in China will decline in 2026-2027," the expert said. "In the next two years, the share of electric vehicles in passenger car sales in China could exceed 70%."
Tereshkin recalled that trade restrictions were first introduced by Joe Biden's administration. Specifically, since last fall, the tariff on Chinese electric vehicle imports to the U.S. has been set at 100%, meaning that consumers will have to pay twice the price when purchasing ...
U.S. Temporarily Allows Energy Transactions with Russian Banks: What This Means for Russia?
... the authorization means that banks and companies must plan their operations with potential changes in mind.
As an entrepreneur and founder of the
Open Oil Market marketplace
, I view this decision as a signal to uphold the stability of international trade in energy resources, which is crucial for all market participants. This temporary authorization will help avoid disruptions and allow Russian energy companies and banks to maintain current financial flows. However, the temporary nature of this exemption ...
Experts Explain the Factors Behind OPEC+'s Decision Against Cuts
... from cutting oil production and its impact on the global market.
MOSCOW, August 5 - PRIME. The decision of eight OPEC+ countries to abandon the current oil production cuts of 1.65 million barrels per day will depend on the level of oil prices and the trade wars initiated by the United States, experts surveyed by RIA Novosti stated.
On Sunday, Russia, Saudi Arabia, the UAE, Iraq, Kazakhstan, Kuwait, Oman, and Algeria decided to continue increasing the production ceiling in September by an additional ...
Return of Western Brands to Russia: Forecasts and Implications for Business
Western brands are preparing to return to the Russian market. Experts predict that McDonald's, PepsiCo, Coca-Cola, Apple, Microsoft and other companies may resume their operations in Russia by the end of 2025. What does this mean for businesses and consumers, and how are domestic companies preparing for a new wave of competition?
The Return of Western Brands to Russia: Forecasts and Business Prospects
In recent months, there has been active discussion regarding the possibility of Western brands...
What will happen to oil and gas budget revenues by the end of the year?
A commentary with a forecast of budget revenues from oil and gas trade for Vedomosti.
In the article "What Will Happen to Oil and Gas Revenues in the Budget by the End of the Year," Sergey Tereshkin, founder and CEO of OPEN OIL MARKET, analyzes the dynamics of oil and gas revenues in Russia's federal budget ...