... expert referred to data from the Energy Information Administration (EIA), which showed that global demand for oil, gas condensate, and other liquid hydrocarbons in Q2 2024 exceeded production by 720,000 bpd. "Due to the shortage on the global market, commercial oil and petroleum product stocks in OECD countries dropped by 28,000 barrels, which is almost 30% equivalent to the daily global demand. This, in turn, slightly boosted price growth: the average price of Brent oil increased from $82 to $85.3 per barrel from May to July ...

... API Oil Inventory Report (Weekly): An independent statistical bulletin from the American Petroleum Institute on crude oil and petroleum product inventories. Although the API data is preliminary, a sharp reduction in weekly stocks may trigger an increase in oil prices ... ... inventory growth could increase pressure on oil prices during the Asian session on Wednesday. Corporate Earnings Releases: After Market Closes: Okta, MongoDB. On Tuesday, after trading has closed, two tech companies from the USA will report. **Okta** (developer ...

... May 2025, payments for the damping mechanism (compensation to oil companies from the budget for supplying fuel to the domestic market at prices below export levels) amounted to 42.5 billion rubles – 32% less than the previous month and 79% less than in ... ... to compensate for losses through higher exchange prices. It is worth noting, however, that the damping mechanism depends on petroleum product quotations in Europe, as well as the exchange rate of the ruble. This does not involve cutting subsidies but changing ...

... mechanism, currently being discussed by the government, are intended to support oil companies but may lead to a slight increase in exchange prices. This opinion was expressed in an interview with RG by Sergey Tereshkin, General Director of the OPEN OIL MARKET marketplace for petroleum products and raw materials. According to him, the division of the damping mechanism in practice will stimulate the growth of exchange prices: oil companies will be able to increase their margin by inflating the exchange prices for one type of fuel while ...

... recent interest rate change). 16:45 (Canada): S&P Global services and Composite PMI indices (July). Late data on the Canadian economy will provide additional insight into the North American services sector. 17:30 (USA): Official EIA report on oil and petroleum product inventories for the week. Closely monitored by the commodities market, it may trigger fluctuations in oil prices. 19:00 (Russia): Consumer Price Index (CPI) for July. Monthly inflation data in Russia—acceleration or deceleration will affect expectations for further actions from the Central Bank and the ruble's ...