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An expert predicted a rise in oil prices due to a reduction in production in Libya.

... however, a more significant impact will come from the upcoming easing of OPEC+ quotas, which will lead to increased production in countries like Saudi Arabia and Russia. The reduction of oil production in Libya will only temporarily boost prices on the global market, according to Sergey Tereshkin, founder and CEO of Open Oil Market. He shared his thoughts with Izvestia on August 29. "The suspension of production at Libya's largest oil field, Sharara, could remove about 300,000 barrels per day (bpd) ...

Ban on Account Transfers: How the New Law Will Change the Gaming Market

In Russia, a law has come into effect prohibiting the transfer of gaming accounts, which has sparked wide-ranging reactions among players and investors. This new regulation will affect various aspects of the gaming process, including leveling up and boosting, as well as impacting the market and esports. Gamers now need to reassess their strategies and adapt to the new rules, leading not only to changes in gaming behavior but also to new challenges for investors in the gaming industry. In this article, we will discuss the implications ...

Tuesday, November 12, 2024: Key Economic Events for Investors

... Weak sales may signal slowing economic activity, affecting Latin American markets. India Industrial Production (September) — Published at 12:30 GMT India’s industrial production index shows the strength of the manufacturing sector. Positive data boosts the rupee and supports equities, while lower production may affect investor confidence in the emerging market. Investor Focus: UK Wage Growth and Unemployment Rate: Investors will closely watch the UK labor market data. Strong earnings and low unemployment support consumer spending and may influence the Bank of England’s future rate decisions. ZEW Economic ...

Monday, November 18, 2024: Key Economic Events of the Day

... tensions and trade conflicts, on the global economy. Leaders may address the stability of energy markets, trade barriers, and prospects for international cooperation. Market Impact: Positive actions toward stabilizing trade or removing barriers could boost market sentiment. In contrast, hardline comments may prompt sell-offs in emerging markets, including Russia. Recommendations: Investors should watch for any decisions on energy as they may impact Russia’s oil and gas exports. Positive comments on global ...

Experts predict a decrease in oil prices in 2025

... countries, such as the United States, Brazil, Guyana, Canada, and Argentina. Sergey Tereshkin, CEO of OPEN OIL MARKET, highlights that rising production in these regions is putting downward pressure on prices, despite OPEC+'s efforts to regulate the market. He also points to potential plans by Saudi Arabia to boost oil production, which could further reinforce the downward price trend. Experts predict a decrease in oil prices next year. According to analysts, crude oil will become cheaper amid rising production in the United States and OPEC+ countries. ...