... analysis in our review. MOSCOW, October 30 - PRIME. A reduction in oil exports from Iran amid the risk of escalating conflict in the Middle East will prevent Brent prices from falling below $70 per barrel in the near future, Sergey Tereshkin, CEO of the petroleum products marketplace "Open Oil Market" (a Skolkovo resident), told RIA Novosti. On Monday, Brent prices dropped by more than 6%, falling below $71 per barrel — levels not seen since early October. By Wednesday afternoon, oil prices were rising, approaching $72 per barrel....

... countries, as well as ramping up purchases of Russian crude, taking advantage of price discounts on Urals grade. A similar situation exists with natural gas: significant volumes of LNG are being supplied to China from Qatar, Australia, and the spot market, bypassing American gas. Concurrently, Europe continues its efforts to reduce dependence on Russian energy resources. The import of Russian oil and petroleum products into the EU has effectively ceased due to the existing embargo, while pipeline gas supplies have been reduced to minimal volumes. The European Union is actively developing infrastructure for LNG reception (new terminals are being constructed,...

... of automotive logistics is included in the final price of both food and industrial products. Starting from January 1, 2025, the excise tax on class 5 gasoline will... ... high-performance and turbocharged engines. Sergey Tereshkin, CEO of the OPEN OIL MARKET fuel marketplace, shares a similar view. He specifies that the risks of accelerated... ... production. However, from the available data, it is clear that the total production of petroleum products in Russia declined by 2.4% (year on year) in the first 11 months...

... (US) - API Oil Inventories (Week): The American Petroleum Institute traditionally releases its estimate of commercial oil and petroleum product inventories for the week. This late release could impact oil prices in the Asian session on Wednesday. A significant reduction ... ... supports rising oil prices (indicating high demand or limited supply), while an unexpected increase may trigger sales in the oil market ahead of the official EIA statistics. Corporate Reports: Before the Opening: Home Depot , BHP Group , XPeng . Tuesday ...

... is increasing oil purchases from Middle Eastern and African countries and expanding imports of Russian raw materials, taking advantage of price discounts. Similarly, significant volumes of LNG are arriving from Qatar, Australia, and through the spot market, bypassing American gas. At the same time, Europe continues to reduce its energy dependence on Russia. Imports of Russian oil and petroleum products into the EU are under embargo, and gas supplies have been reduced to minimal levels. The European Union is actively developing infrastructure to accept LNG and is seeking new long-term contracts with alternate gas suppliers. However, a complete ...