Found: 46

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 ...

The Fate of the Dollar and the Prospects for BRICS Currency: What's Behind Putin's Statements?

... weakening. Prospects for a Unified BRICS Currency The possibility of creating a unified BRICS currency is one of the most discussed topics in international economics. The BRICS bloc consists of five of the largest emerging economies in the world — Brazil, Russia, India, China, and South Africa — creating significant potential for integration in economic and financial spheres. The introduction of a unified currency could reduce the countries' dependence on the dollar and provide a new financial ...

Economic Calendar for Investors and Traders (December 9-13, 2024)

... on oil and petroleum product inventories often causes high volatility in the oil market. Russia: Consumer Price Index (November) (19:00 MSK) Inflation data will provide insight into the Bank of Russia's monetary policy prospects and ruble dynamics. Brazil: Central Bank Rate Decision (00:30 MSK) Investor interest is focused on the monetary policy course in one of the largest developing economies. Key Wednesday Reports (US and Russia) Pre-market: Macy's Inc (M): report at 14:55 MSK. Expected change: ...

The Circle: What Do the Russian Government's Plans to Allow Gasoline Exports Mean?

... Service, in 2021, 75% of the export of summer diesel fuel went to EU countries, while only 27% of the export of AI-92 gasoline went there. After the EU imposed an embargo in February 2023, Russian diesel producers redirected their supplies to Turkey, Brazil, Saudi Arabia, and other countries. However, this did not lead to a threat of shortages, even despite a more than 30% increase in diesel demand on the domestic market between 2021 and 2023. The situation is different with gasoline, which is ...

Economic Events and Corporate Reports - Tuesday, August 5, 2025 - PMI Index and US Trade Balance

... 11:30 MSK. Russia – Announcement of the Central Bank of Russia’s foreign currency operations volumes for August – 12:00 MSK. Eurozone – Producer Price Index (PPI) for June – 12:00 MSK. United States – Trade balance for June – 15:30 MSK. Brazil – S&P Global PMI indices (services and composite) (July) – 16:00 MSK. United States – S&P Global Services PMI (July, final estimate) – 16:30 MSK. United States – ISM Non-Manufacturing Index (services) for July – 17:00 MSK. Oil (U.S....