π’π·πΊ The price of Urals crude oil has surged by 150% since the onset of the Middle Eastern conflict. The military actions in the Persian Gulf have triggered a significant global energy crisis. While Brent crude prices have risen by over 50%, Russian oil has seen an increase ranging from 70% to 150%. This information was reported by a source in a pricing agency to "Izvestia." For more details, visit here and mt Π² max.
π’οΈπ·πΊ The production volumes of oil and gas at the "Sakhalin-1" and "Sakhalin-2" projects have decreased by 9% over the past year, according to Sakhalin Region Governor Valery Limarenko, as reported by TASS.
π¨π¬π§ Inflation Report: UK Consumer Price Index (CPI) for April shows a monthly increase of 0.7%, matching previous figures but slightly below the expected 0.9%. Year-on-year, the CPI rose by 2.8%, also falling short of the anticipated 3% and down from 3.3% previously. The core CPI increased by 2.5% year-on-year, again below the forecast of 2.6% and down from 3.1% last month.
π¨ Germany's Producer Price Index (PPI) for April shows a month-on-month increase of 1.2%, down from 2.5% previously. Year-on-year, the PPI stands at 1.7%, a notable shift from the previous rate of -0.2%.
π Alibaba has unveiled its latest AI chip, the Zhenwu AI. This innovative technology aims to enhance the company's capabilities in artificial intelligence and machine learning. The launch reflects Alibaba's commitment to advancing tech solutions in the rapidly evolving digital landscape. For more details, visit here.
π El Salvador has mandated Bitcoin education for all 7-8-year-olds across the country. This initiative aims to integrate cryptocurrency knowledge into the early education system, ensuring that the younger generation is equipped with essential skills in digital finance. The move is part of El Salvador's broader efforts to embrace cryptocurrency as a fundamental aspect of its economy. For more details, visit mt in max.
ππ·πΊπ¨π³ Russia and China have reached a significant agreement in the energy sector, according to Ulyanov, an official statement revealed. The nations discussed various energy initiatives and committed to a promising project aimed at enhancing cooperation in this vital field.
π¨π¨π³π·πΊ Chinese President Xi Jinping announced that relations between China and Russia have reached a new level, describing the partnership as a model of a new type of international relationship.
π° In the first quarter of 2026, Promomed's revenue reached 7.3 billion rubles, reflecting a year-on-year increase of 62.2%. This growth rate is more than five times higher than the pharmaceutical market's monetary growth of 12%, according to IQVIA data. For more details, refer to the full report here.
π’π¨π³π·πΊ Russia is prepared to continue supplying its rapidly growing oil, gas, and LNG to the Chinese market, according to President Vladimir Putin.
π’ The oil market is underestimating the risk of prolonged disruptions in energy supply due to the conflict in the Middle East. According to Citi, oil prices could surge to $120 to $150 if the Strait of Hormuz remains closed until the third quarter of 2026. For more details, visit mt Π² max.
π¨ Russia and China did not announce major developments in the oil and gas sector during President Putin's visit to Beijing, at least for now. Ushakov stated that Russia and China discussed energy and reached agreements on some significant matters. For more details, visit mt in max.
π¨π’π¨π³π·πΊ Key parameters for understanding the "Power of Siberia-2" are now established. However, the details regarding the construction of the gas pipeline still need to be agreed upon. There are currently no clear timelines for the commissioning of "Power of Siberia-2," as stated by Peskov. For more information, visit mt Π² max.
π¨π³π·πΊ China will extend its visa-free regime with Russia until the end of 2027.