... the first seven months of 2024 decreased by 1.7 times, reaching 5.5 billion dollars, and in physical terms, it dropped by 10%, to 54.4 million tons. The main reason for... ... down to other regions. According to Kpler, which tracks maritime shipments, exports to India dropped by 11.5% in the first half of the year, to Turkey by 4%, and to South... ... nearly double Russia's annual coal output," says Sergey Tereshkin, CEO of the Open Oil Market energy marketplace. "China, through these tariffs, is making its...

... on the key interest rate, a move that could profoundly impact the financial markets and lending conditions for businesses and individuals. Additionally, a China-EU summit... ... heighten fears of market saturation and margin pressures. Eni S.p.A. – an Italian oil and gas giant releasing results for Q2 amid volatile energy prices. Investors will... ... could heighten caution regarding the sector's prospects. Asia ICICI Bank – one of India's largest private banks. ICICI's results reflect the state of the rapidly growing...

... adds Sergey Tereshkin, CEO of the Open Oil Market. Due to U.S. embargoes, over 90% of Iran's oil exports now go to China, where the country's key buyers of Iranian oil are refineries that will bear the brunt of the current crisis, Tereshkin explains. India, Japan, and EU countries halted purchases of Iranian oil after 2019, when the U.S. embargo on its import came into effect, he reminds. "The impact of the conflict on prices is likely to be short-term," concludes Tereshkin. Will Iran Block the Strait of Hormuz? In light of the Israeli-Iranian skirmishes,...

... Europe with 160 billion cubic meters of pipeline gas, and now that figure stands at only 16 billion. According to Rystad Energy, by the end of 2024, 17.8 million tons of LNG were delivered as well. Ekaterina Kosareva noted that the main buyers of Russian oil today are China and India, which absorb the vast majority of this resource. “All consequences from the loss of the European market were already played out by Russia and particularly by Gazprom following the 2023 financial report. At that point, Russia was able to quickly ...

... increase by 9% compared to 2022, reaching 116.4 EJ (32.3 trillion kWh) by 2030. Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) forecasts that China's oil demand will rise by 13% between 2023 and 2030 to 17.8 million barrels per day and reach 18.8 million barrels per day by 2045 (+19% from 2023 levels). Alongside India, China will lead the growth in global oil consumption. Currently, China accounts for 16% of global liquid hydrocarbon consumption, while Russia contributes 11% of global production, stated Igor Sechin, Secretary of the Commission on Energy Development Strategy under the President of the ...