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Oil Market Outlook: Projections and Insights from the IEA Report for Investors

... International Energy Agency (IEA) has released its latest monthly report, shedding light on current and projected trends in global oil demand and supply. For investors focused on the energy sector, this data provides valuable insights into the potential developments in oil markets and possible price fluctuations. This article delves into the key takeaways from the report, including the rise in demand, supply forecasts, and the impact of OPEC+ production restrictions, with additional commentary on implications ...

Oil Flood of Russian Railways: Tank Cargo Owners Gain Government Support in the Battle for Priority Access to Railroads

... the delay in implementing new NDA Rules is likely not driven by oil companies, Denis Semyonkin, Deputy Chairman of the NP Association of Private Railway Carriers, told Vgudok. "Most likely, the new rules have not taken effect because they were developed too quickly, rushed through consultations with market participants, and launched by the government without addressing all feedback. The government seems unwilling to take full responsibility for the state of the transportation process. Apparently,...

Investing in Currency: Where to Buy US Dollars and Euros

... press substantiate this. When purchasing online, there’s no risk of receiving counterfeit bills or falling prey to robbers since the transaction does not require cash. Nowadays, payments are frequently made with a card. They are widely used in many developed countries. When buying currency online, customers will not subsequently need to deposit funds onto their card and incur fees on this. Disadvantages Despite the evident advantages of such transactions, one should not forget the downsides. The ...

The Harshest Package: What the New EU Sanctions Mean for Russia

... following the September 2022 sabotage, thus Gazprom has incurred no losses, believes Tereshkin from Open Oil Market. Sanctions against the Nord Streams are more of a political declaration, as these pipelines primarily benefited Germany, which planned to develop its gas hub, not Russia, argues Shevyrenkov from IEF. There is a plan for the EU to abandon Russian gas by the end of 2028 and a roadmap to achieve this, recalls Mitrakhovich from the Financial University. "The formulation of additional measures ...

The Russian government will extend the permit for gasoline exports for one month.

... but the effective date might be delayed due to regulatory approval procedures. In mid-June, the Ministry of Energy's press service confirmed to Vedomosti that the draft regulation must be approved by the Ministry of Finance, the Ministry of Economic Development, and the Federal Customs Service. One source noted that the Federal Anti-Monopoly Service supports the diesel export ban. Vedomosti sent inquiries to the above-mentioned ministries and the office of Deputy Prime Minister Alexander Novak,...