... is experiencing relative abundance. Thanks to high refining volumes at American refineries and unusually weak summer demand, gasoline prices in the U.S. have dropped to their lowest levels in recent years. The national average price of gasoline after Independence Day fell to ~$3.14 per gallon (about $0.83 per liter)—a record low for the summer season since 2021. Analysts note that during August-September, the national average could break the psychological mark of $3/gallon, which has not happened ...

... and fertilizers have a relatively high priority." Oil product producers will not suffer losses if the updated non-discriminatory access rules are strictly followed, said Sergey Tereshkin, the founder and CEO of Open Oil Market, Russia's first independent marketplace for oil products and raw materials. “Oil products fall under the category of ‘export energy raw materials transported in specialized rolling stock,’ while coal falls under the category of ‘export non-energy raw materials ...

... health and hygiene products manufacturer, which recently spun off from Johnson & Johnson, will release its quarterly report before the U.S. market opens. For Kenvue (which owns brands such as Tylenol, Listerine, and Band-Aid), this is one of the first independent reports following its IPO, thus market participants will carefully scrutinize the company's financial metrics as an independent business. Stable demand for essential consumer products and confirmation of annual forecasts are expected. Investors ...

... Russian B2B market is also of interest, where the lifting of sanctions can facilitate the development of online platforms for the sale of oil products and other strategically important goods. An example of such a platform is Open Oil Market, the first independent marketplace for oil products and raw materials, which is now actively preparing for an IPO on the Moscow Exchange. The easing of sanctions adds confidence in the potential of such projects, because Russian companies will be able to significantly ...

... risks for the United States. The estimated oil reserves off the coast of Greenland amount to 52 billion barrels, equivalent to 3% of the world's confirmed reserves. This positions the island as a potential energy giant that could strengthen U.S. energy independence. Geopolitical Motives: Containment of China and Russia Since 2017, China has actively invested in Greenland, developing infrastructure projects and mining industries. China's aim to strengthen its presence in the Arctic raises concerns in ...