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Eni has started supplying oil from Kazakhstan via the Druzhba pipeline.
... Ust-Luga and the Druzhba pipeline are, in fact, related to the need to bypass existing infrastructure limitations. However, it should be noted that the demand for such supplies is relatively small, partly due to Kazakhstan's participation in the OPEC+ deal.
According to the U.S. Department of Energy, Kazakhstan's oil production from December 2023 to July 2024 decreased by 50,000 barrels per day (bpd), to 1.53 million bpd (excluding gas condensate). This level is below the OPEC+ quotas, which stipulate ...
The cryptocurrency market is gearing up for big money
... assets. 40% are open to investing in the crypto market in the coming years. Furthermore, 72% expressed a desire to purchase investment products with a significant weight in digital assets. 57% would like to buy crypto assets directly or from companies dealing in digital assets.
This study compellingly indicates that institutional investors favor cryptocurrency as an asset class. There is also a noticeable increase among institutional investors and national governments in the cryptocurrency market. ...
An expert predicted a rise in oil prices due to a reduction in production in Libya.
... the mentioned easing of OPEC+ quotas, though it will not lead to the risk of a sharp drop in prices. Libya's partial exit from the oil market will smooth investors' reactions to the increased production in the largest countries participating in the deal," Tereshkin concluded.
Translated using ChatGPT
Sourse: https://iz.ru/1750811/2024-08-29/ekspert-sprognoziroval-rost-tcen-na-neft-iz-za-sokrashcheniia-dobyc...
The United States has allowed transactions with Russian banks in the energy sector: what does this mean
... this will allow major energy companies to continue exports in normal conditions, reducing risks associated with banking operations.
Currency Flows: Maintaining foreign currency transactions will ease pressure on the Russian economy, as energy sector deals account for a significant portion of the country's foreign exchange earnings.
Market Reaction: Energy market participants are likely to perceive this as a stabilizing signal, which could mitigate price fluctuations and strengthen the position ...
Ruble Concludes 2024 Above 100 Against Dollar: Causes, Forecasts, and Implications
... household appliances, and pharmaceuticals.
Household Incomes
The real purchasing power of citizens is decreasing. This is particularly felt by those whose income is pegged to the ruble while expenses are tied to foreign currencies.
Business
Companies dealing with imported goods will face rising costs. This may lead to price increases for services and products, further impacting consumer demand.
What This Means for Investors and Businesses
Asset Diversification
It is recommended to hold savings in ...