... policy tightening. Canada: Central Bank Rate Decision (17:45 MSK) Discussion of Canada's economic prospects and inflation. Rate changes may affect the Canadian dollar exchange rate. EIA US Oil Inventory Data (18:30 MSK) The official report on oil and petroleum product inventories often causes high volatility in the oil market. Russia: Consumer Price Index (November) (19:00 MSK) Inflation data will provide insight into the Bank of Russia's monetary policy prospects and ruble dynamics. Brazil: Central Bank Rate Decision (00:30 MSK) Investor interest is focused on the ...

... terms. Oil at the Core The primary driver was the growth in revenues from oil production taxes. Collections from the Mineral Extraction Tax (MET) on oil exceeded... ... tax maneuver, under which the Ministry of Finance phased out export duties on oil and petroleum products in exchange for a gradual increase in the MET on oil. As a result... ... to $14.7 per barrel in the first half of 2024, according to calculations by Open Oil Market based on data from the Ministry of Finance and the U.S. Energy Information Administration...

... and by 4.5% since the beginning of the year, reaching 62.90 rubles per liter. The decision to impose the ban was made despite the fact that just recently, the Ministry of Energy opposed such actions, believing that there was no need for them, as the market's demand for petroleum products was fully satisfied. Why the Export Ban? The introduction of a temporary ban on gasoline exports from Russia in August 2025 relates to a combination of factors that occur annually and invariably lead to rising fuel prices domestically: scheduled ...

... safe-haven assets, weakening of the ruble) and affect the price dynamics of energy resources and metals. **Impact on commodity markets:** Trump's ultimatum has already affected oil prices — in recent days, Brent and WTI quotes have risen due to expectations ... ... supply of Russian crude. If secondary sanctions from the U.S. are imposed, they could complicate the export of Russian oil and petroleum products, which would reduce global supply. This, in turn, could support the rise in energy prices. Investors in the oil and gas ...

... Russia produces twice as much diesel as it consumes domestically, with half going for export. In comparison, nearly 90% of the gasoline produced in the country is sold domestically, with only about 10% exported. Diesel is the main export product among petroleum products. Therefore, a diesel export ban is only possible in an emergency and for a short period. Otherwise, the market will become oversupplied, leading to a decline in oil refining volumes. It is no coincidence that last autumn, the full ban on diesel exports lasted only two weeks. In an interview with "RG," Yuri Stankevich, Deputy Chairman of the ...