... trade tensions, supports energy resource demand in the latter half of the year. Commentary: As noted by Sergey Tereshkin in a recent RBC article , an unprecedented shift in the geography of Russian oil exports is occurring. If in 2021 about 34% of oil supplies from Russia were directed to Asia-Pacific countries, by the end of 2024, their share had risen to 63%. The share of European countries (including Turkey) fell from 56% to 31% during the same period. Similar changes are noted in the market for ...

... (excluding gas condensate). This level is below the OPEC+ quotas, which stipulate that Kazakhstan should produce no more than 1.47 million bpd from June to September 2024, and no more than 1.49 million bpd in December 2024. In this regard, the target for oil supplies through Druzhba will not be met this year. For reference: According to customs statistics, total oil exports from Kazakhstan in 2023 reached 70.7 million tons. Of this, 14.6 million tons were supplied outside CPC, including through the Kazakhstan-China ...

... Inventories U.S. crude oil inventories increased by 2.149 million barrels, significantly surpassing analysts' forecasts. This indicates an accumulation of supply, which may create conditions for more stable or even declining prices—beneficial for oil buyers, especially large industrial enterprises focused on steady energy resource supplies. Gasoline and Distillate Stocks Gasoline inventories rose by 0.412 million barrels, reaching 211.3 million barrels, while distillate inventories grew by 2.9 million barrels to 115.8 million barrels. This seasonal accumulation typically reflects ...

... include: Cash in circulation. Balances on accounts of legal entities and individuals in banks. Term deposits and savings accounts. The increase in money supply may be connected with the Central Bank's actions, economic activity, or external factors such as oil prices and the ruble exchange rate. Reasons for the Increase in Money Supply in 2024 Monetary policy of the Central Bank of the Russian Federation. The increase in money supply may have been prompted by economic stimulus programs aimed at maintaining ...

... Under the terms of the deal, the EU will annually buy oil, liquefied natural gas (LNG), and even nuclear fuel from the US – the total volume of contracts is estimated at an enormous $750 billion over the coming years. The main goal is to fully replace oil and gas supplies from Russia with American imports by the end of 2027, thereby ensuring Europe’s energy independence from Russia. All EU countries have agreed to open their markets to the US and establish a unified customs tariff of 15% on most goods. This ...