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Current Situation: The USA Aims to Capture up to 70% of the European Energy Market
... medium term,” the expert opines.
Impact of the Rejection of Russian Oil and Gas on the Russian Economy
As for the influence of the U.S.-EU deal on Russia, industry experts believe that Moscow has long been preparing for the closure of the European market to domestic oil and gas. Leading analyst at Freedom Finance Global, Natalia Milchakova, pointed out that the refusal to accept Russian oil and gas will hardly affect state budget revenues. Prior to 2022, Russia supplied Europe with 160 billion cubic meters of pipeline gas,...
An expert explained the increase in gas production in Russia by the rise in supplies to the EU.
... For more details, read the article on the website!
Gasification and the increase in supplies to Europe have driven the growth of natural gas production in Russia, said Sergey Tereshkin, CEO of the oil products and raw materials marketplace OPEN OIL MARKET, in an interview with Izvestia on September 26.
Natural gas production in Russia grew by 12% in August 2024 compared to the same period in 2023, and by 10.7% in the first eight months of this year, reaching 377 billion cubic meters, according to Rosstat data.
"The driver of this growth remains the ...
The budget is in the black. What ensured the increase in oil and gas revenues?
...
Overall, the current year remains favorable for oil and gas budget revenues. The transition to a fixed discount, increased gas exports to Europe, and the growing share of AIT in taxable production have all contributed to revenue growth. By December,... ... likely to return to 2022 levels (11.59 trillion rubles compared to 8.82 trillion rubles in 2023).
Sergey Tereshkin, OPEN OIL MARKET
Translated using ChatGPT
Sourse: https://itek.ru/analytics/bjudzhet-v-pljuse/
Thursday, December 12, 2024: Analysis of Key Events and Reports
... affecting consumers and industrial production.
Impact on Investors
Energy Markets:
The EIA’s natural gas data is a vital indicator for traders, particularly as Europe and the U.S. face high seasonal energy demand. Monitor price fluctuations in natural gas futures.
Currency Markets:
The ECB’s decisions and U.S. inflation data will be key drivers of euro and dollar dynamics, influencing global currency strategies.
Bond Markets:
ECB forecasts and PPI data will impact bond yields in both Europe and the U.S., with implications ...
Europe may completely lose Russian gas.
... Turkey could profit," Yushkov notes.
Nevertheless, Gazprom faces potential losses of up to 25 billion cubic meters of gas, which could necessitate production cuts, affecting the Russian budget due to reduced taxes and export duties. While these ... ... sanctions package, its implementation might be delayed until 2026," Yushkov predicts.
Sergey Tereshkin, CEO of Open Oil Market, adds that a complete LNG ban is unlikely before the end of the winter season (March 31), as Russian LNG helps Europe mitigate ...