... and its economy. Central banks account for at least 10% of all purchases of precious metals. At the beginning of this year, regulators' holdings surpassed 33,000 tons. In Russia, gold purchases increased by 22% in 2018 compared to the previous year, ... ... exhausted, making further extraction impossible. The cost of extraction is increasing yearly, primarily due to rising energy prices and the escalating cost of production. This will inevitably narrow the gap between supply and demand in the market, leading ...

... levels and adequate supply. However, fall is approaching, and much will depend on weather conditions and global demand for LNG. If winter is cold or competition with Asian buyers for LNG supplies arises, European gas companies may face a new rise in prices. Thus, while the current situation is favorable, regulators and market participants in the FES in the EU remain vigilant, continuing to monitor infrastructure risks and stock levels. Coal Industry: Price Growth and Return to Traditional Energy Sources The role of coal as an energy source is again increasing ...

... pillars of global energy. Russian Oil Product Market: Aiming for Price Stabilization In the domestic fuel segment of Russia, emergency measures are being implemented to normalize the pricing situation. In the first half of August, wholesale exchange prices for automotive gasoline in the country reached new historic highs, exceeding records of 2023. Amid high summer demand (season of active transportation and harvesting) and limited fuel supply, the government has been compelled to intensify market regulation. On August 14, a meeting of the task force to monitor the situation in the fuel and energy complex was held under the chairmanship of Deputy Prime Minister Alexander Novak, resulting in the announcement of a comprehensive package of measures ...

... European economy. 12:00 (Eurozone): Unemployment rate (June) and preliminary inflation data (CPI, July). Slowing inflation or rising unemployment will heighten expectations for EBC's soft policy, while high inflation figures will maintain pressure on the regulator. 15:30 (USA): Core PCE price index (June) and data on personal income/spending of Americans. The PCE index is a key inflation indicator for the Fed; its dynamics will largely dictate the further course of interest policy. 16:45 (USA): Chicago PMI (business activity in the manufacturing ...

... National Energy Security Fund, acknowledges that costs for Russian companies have risen, but the market has mitigated attempts at regulation. He believes sanctions will continue to tighten regardless of the U.S. administration. The U.S.’s strategic goal ... ... hydrocarbons market, though this is currently impossible and risky, even for America. The focus remains on reducing Russian oil prices and increasing transportation and trade costs for Russian companies. Limiting physical export volumes (e.g., to no more ...