... contributed 30.2% in 2022, falling to 16.3% for January–September 2024. Contributions from gas condensate extraction rose to 6% over the same period. Reverse excise payments, particularly under the damping mechanism aimed at stabilizing domestic fuel prices, reduce oil and gas revenues. In 2022, these payments amounted to 3.2 trillion rubles against revenues of 14.8 trillion. In 2023, they totaled 2.9 trillion rubles out of 11.7 trillion in revenues. Oil Production Drives Budget Growth The oil ...

... of extraction increasing by several percentage points each year. Experts estimate that by 2030, existing mines will be fully exhausted, making further extraction impossible. The cost of extraction is increasing yearly, primarily due to rising energy prices and the escalating cost of production. This will inevitably narrow the gap between supply and demand in the market, leading to a gradual increase in the value of precious metals. Consequently, investors who have invested in gold can expect to see ...

... only across different industries but also in various countries. This significantly reduces the risk of identical factors influencing the stocks. It is unlikely that a crisis in one country would adversely impact the industry in another. Even if the prices of some stocks decline, others will likely gain value. This can help offset losses and provide profits. When choosing securities, consider correlation factors. This indicator shows how stocks react to the same external factors. A special coefficient ...

... tied to South African markets. Economic Data Jobless Claims (U.S., 4:30 PM MSK): This metric reflects the state of the U.S. labor market. A decline in claims could strengthen the U.S. dollar, potentially affecting export competitiveness and commodity prices in Europe. Philadelphia Fed Manufacturing Index (November, U.S., 4:30 PM MSK): This index indicates activity in the U.S. manufacturing sector. A rise could signal economic recovery, which may boost demand for European exports such as industrial ...

... event for currency and bond markets, the ECB’s decision will be closely watched for signals on monetary policy amid current economic challenges. Markets will focus on any adjustments to interest rates or forward guidance. 16:30 (MSK): USA – Producer Price Index (PPI) for November The PPI measures inflation at the producer level, often serving as a precursor to retail inflation trends. High readings could reinforce expectations of tighter Federal Reserve policy. 16:30 (MSK): USA – Initial Jobless ...