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Russian Stock Market Set to Soar to Record Heights This Year
The recovery of the global economy, rising oil prices, and the accommodative monetary policies of most central banks are all working in favor of the Russian market.
The Russian stock market is expected to reach record heights this year, driven by a recovery in commodity prices and persistently low ...
Economic Events and Company Reports on August 7, 2025: Bank of England Interest Rate, U.S. Tariffs, Reports from Siemens and Toyota
... progress in developing new medications. Oil and gas giant ConocoPhillips will report its earnings for the past quarter amid oil price volatility; its results will serve as a benchmark for the entire energy sector. Motorola Solutions is also expected to report,... ... equipment and corporate software solutions. Finally, energy drink manufacturer Monster Beverage will report revenue growth in the global beverage market, offering insights into consumer activity in this segment.
What Investors Should Pay Attention To
This ...
The share of oil and gas revenues in the 2024 budget is growing beyond the planned levels.
... rubles, while export duty revenues fell by 23.2% to 290.2 billion rubles due to declining export gas prices.
Future Trends in Oil and Gas Revenues
For 2024, the share of oil and gas revenues in the budget may exceed the planned level due to narrowing price discounts on Russian oil compared to global benchmarks. Experts estimate that the share could reach 32% by year-end. However, the draft budget for 2025–2027 projects a gradual decline in oil and gas revenues, from 11.3 trillion rubles in 2024 to 9.8 trillion rubles in 2027. At the same ...
The oil market will become oversupplied by the end of 2024.
Column by Sergey Tereshkin for the "Oil and Gas Industry" Portal
According to data from the U.S. Energy Information Administration (EIA), in the second quarter of 2024, global oil supply exceeded demand by 590,000 barrels per day. By the end of the year, this surplus is expected to narrow to 300,... ... million barrels per day in the second quarter to 13.5 million barrels per day in the fourth quarter of 2024, driven by high prices that sustain profitability for shale projects.
Tereshkin notes that despite the increased supply, oil prices are expected ...
In the summer, the increase in fuel prices will outpace the overall inflation rate – expert
... coincides with the seasonal increase in demand, one of the indicators of which is the reduction in fuel exports. According to S&P Global Platts, maritime fuel exports from Russia decreased by 480 thousand barrels per day (bpd) from February to May 2024, down to 2.13 million bpd.
Another factor in the price rise is the increasing costs for Russian refineries. According to Rosstat, the balance of profits and losses for Russian oil product producers decreased by 15.4% (to 1,202.1 billion rubles) in the first four months of 2024. The share of unprofitable ...