... the U.S. favor consumers: supply exceeds demand, and prices are gradually falling without signs of shortage. In Europe, the situation with motor fuel prices is relatively stable. After the upheavals of 2022-2023, during which sanctions and logistics restructuring led to sharp price fluctuations, gasoline and diesel markets have stabilized in 2025. Wholesale prices for gasoline are now close to early-year levels and significantly lower than last year's peaks. Contributing factors include relatively ...

... threats. Such mega deals demonstrate how even established industry leaders are ready to invest tens of billions of dollars to avoid falling behind in the technology race. Overall, current activity in the M&A sector and large venture deals reflects the restructuring and maturation of the industry. Mature startups are either merging with each other or becoming targets for acquisition by corporations, while venture funds finally gain the long-awaited opportunities for profitable exits from their investments....

... represent potential revenue increases for energy supply and generating companies, although the government remains vigilant to ensure that tariff policies do not stoke overall inflation or hinder economic growth. Geopolitics and Energy Resource Trade: Restructuring Global Flows Geopolitical factors continue to exert significant influence on global energy resource trade, causing a redistribution of oil, gas, and coal flows between regions. One notable phenomenon is the sharp decrease in energy commodity ...

... revaluation of debt obligations and other paper losses. Therefore, the external environment in H1 2025 was complex: the macroeconomic landscape was characterized by a decline in export volumes and moderately low prices; however, ruble depreciation and market restructuring played in the company's favor regarding ruble revenues. Revenue: Moderate Growth and Structural Shift Gazprom's revenue under RAS in H1 2025 increased by approximately 4–5% year-on-year, reaching 3.05 trillion rubles compared to ~2.93 ...

... are favorable for consumers: supply exceeds demand, and prices are gradually decreasing without signs of shortages. In Europe, the situation with motor fuel prices is relatively stable. After the upheavals of 2022–2023, when sanctions and logistics restructuring led to sharp price spikes, the gasoline and diesel markets reached equilibrium in 2025. Wholesale gasoline prices are currently close to levels seen at the beginning of the year and significantly below peaks from last winter. Contributing ...