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The share of oil and gas revenues in the 2024 budget is growing beyond the planned levels.
... for January–September 2024 reached 31.7%, up from 28.3% during the same period last year, according to data from the Ministry of Finance. This exceeds the planned figure for the year, set at 31.3%.
In previous years, there was a trend toward a declining share of oil and gas revenues. In 2014, their share exceeded 50%, fell to 36–46.4% in 2015–2019, and dropped to 28% in 2020. Subsequently, the figure rebounded to 35.8% in 2021 and 41.6% in 2022, before returning to 30% last year, reaching ...
Thursday, November 21, 2024 Key Economic Events
... emerging markets. This is crucial for European and U.S. investors with interests in Africa or in commodities 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 ...
Declining Bitcoin Dominance Amidst Rapid Growth of Ethereum and Altcoins
Bitcoin's dominance in the cryptocurrency market has sharply declined, yielding ground to Ethereum and other altcoins showcasing extraordinary growth. This article analyzes the fundamental reasons behind this shift, the technical landscape of BTC and ETH, market movement forecasts, and investment recommendations....
Is the production of petroleum products decreasing in Russia?
... and analyze the state of the oil product production market in Russia. Sergey Tereshkin’s column for “RBK Companies.”
In Sergey Tereshkin’s article, the reduction in oil product production in Russia in 2024 is analyzed. The focus is on the decline in export supplies and domestic production, which is linked to unpredictable unscheduled repairs at oil refineries, as well as sanctions that complicate equipment deliveries. The author examines the consequences of these processes for the domestic ...
The global demand for diesel is decreasing: how will this affect Russia?
The article examines the decline in global demand for diesel fuel and its impact on Russia. It focuses on the key reasons behind this trend, including the shift to clean energy, stricter environmental regulations, and changes in demand structure. The discussion also covers potential ...