... sector and its potential impact on the Bank of Canada's monetary policy. U.S. Oil Inventories (EIA Report) 17:30 (MSK) – The U.S. Department of Energy will release its weekly report from the Energy Information Administration (EIA) on commercial oil and petroleum product inventories. This indicator is closely monitored by commodity market traders. A significant reduction in inventories could drive oil prices up due to signals of high demand or constrained supply, while an increase in inventories often leads to price declines. Fluctuations in oil prices, in turn, could impact energy ...

... EIA Inventories The energy sector will be in focus today due to the release of the US Department of Energy's report on commercial oil inventories (EIA). This weekly data will provide a fresh view of the demand-supply balance in the world's largest oil market. Preliminary benchmarks are set by the American Petroleum Institute's (API) estimates released the night before: a significant reduction in inventories according to the API would hint at sustained demand and support prices, while an increase in inventories would signal weakened consumption or increased ...

... amounting to 1,563 billion rubles. To minimize the risk of price increases in this situation, it is essential to reduce the expenses of oil companies. This includes, in particular, lowering railway tariffs. According to analysts from OPEN OIL MARKET, eliminating the current asymmetry in railway tariffs could become a key measure to curb fuel prices. By equalizing rates for the transportation of coal and petroleum products, it would be possible to offset the impact of rising excise taxes. However, tariff adjustments should be implemented alongside other measures to contain price growth. These measures include maintaining the current corporate income ...

... 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,...

... least 50% of production was sold on the domestic market. The embargo was implemented to ensure fuel availability on the domestic market and reduce wholesale prices, which were pushing up retail prices at gas stations. To stabilize the internal fuel market, the government also took other important steps, such as raising payments to oil producers under the damper mechanism (budget compensation for refineries to offset the difference between domestic and export prices of petroleum products) and increasing the trading volume requirements on the St. Petersburg International Mercantile Exchange (SPbMTSB). Translated using ChatGPT Sourse: https://www.vedomosti.ru/business/articles/2024/06/28/1046923-pravitelstvo-rossii-prodlit-razresheni....