News about International trade
The International Energy Agency (IEA) has updated its forecast for global oil production rates in 2026.
Over the past three years, 177.7 million tons of cargo have already been transported through the Ukrainian sea corridor, of which 106.4 million tons is grain. Exports are carried out to 55 countries of the world.
The Parliament of Kazakhstan ratified an agreement that will allow the country to supply clean energy directly to the European Union. The technical highlight of the project will be the unique laying of a deep-water current cable under the Caspian Sea.
Tax changes and military force-majeure in Iran left grain market of Kazakhstan in stagnation: deals are single, prices are corrected, and market participants are cautiously looking for new benchmarks.
The International Energy Agency (IEA) proposed to release a record volume of oil from strategic reserves (more than 182 million barrels) to stabilize prices that have risen sharply due to the escalation of the conflict in the Middle East, The Wall Street Journal writes, citing informed sources.
Chinese garment factories have announced price increases amid a sharp rise in the cost of chemical fibers, including polyester and acrylic. The cost of these materials has increased by more than 10 percent since the start of U.S. and Israeli military action against Iran, according to representatives of seven factories in the country’s southern and eastern provinces.
UPDATED. The Cabinet of Ministers has approved a draft decree on the denunciation of the agreement on the creation of the CIS and its protocol, as well as a draft decree on the denunciation of the CIS charter. According to the government’s estimates, the economic consequences of the withdrawal from the CIS bodies will be minimal – the country will remain a party to a number of agreements in the trade, economic and social spheres.
There is a simple rule in the global financial system: money runs away from risk. Today, this principle may affect one of the richest regions of the planet. Sovereign wealth funds in the Gulf countries control trillions of dollars. And if the war over Iran changes their investment strategy, the consequences could be felt by markets around the world.
The Moldovan government is going to raise the rent for the land on which the Giurgiulesti International Free Port (GIFP) is located almost 30 times.
Indian refiners bought about 30 million barrels of Russian crude after the U.S. gave the green light for such deals, with the price topping Dated Brent by $2-8 a barrel, Bloomberg wrote, citing informed sources.
A commission from Hungary has left to inspect the condition of the Druzhba oil pipeline stopped by Ukraine. It will soon become clear whether they will be allowed to enter the country at all and how the situation will develop after their arrival in Kiev. This was stated by Hungarian government spokesman Zoltan Kovacs.
US President Donald Trump announced on Tuesday that America First Refining (AFR) will build a new refinery in the state of Texas. This means that the US will have the first major refinery built in the last 50 years.
In recent days, drivers from neighboring countries have started coming to Moldova to refuel, as the prices for gasoline and diesel fuel here are among the lowest in the region. This was reported by Prime Minister Alexandru Munteanu, who said that this situation should be thoroughly analyzed.
The escalation of the conflict around Iran is beginning to go far beyond geopolitics and is gradually affecting the global automotive industry. Experts note that tensions in the Middle East are already affecting business expectations, and automakers are being forced to revise their plans for the coming months.
Obtaining assurances that war will not be resumed, the right to possess a full nuclear fuel cycle and fair compensation for damages are three tough conditions Iran has set for resuming talks with the United States.
Amid US President Donald Trump’s predictions about the imminent completion of the active phase of the operation against Iran, oil prices fell by 6.5%. Brent futures fell to $92.45 per barrel and US WTI to $88.65. He sees the temporary rise in oil prices as a small price to pay for security.
The European Union is facing new challenges to its food safety system due to agri-food products imported from Mercosur countries. Recently, European Commissioners identified more than 80 tons of beef from Brazil containing growth hormones.
Lithuania will provide Moldova with 6 million euros of military assistance in 2026-2028. This was announced by Lithuanian President Gitanas Nauseda after a meeting with Moldovan President Maia Sandu, who is in Lithuania on an official visit.
The blockage of the Gulf of Hormuz provoked a rise in the price of oil, gas and, along the chain, nitrogen fertilizers (by about 15-20% – depending on the geography of markets).
This is about the Al-Ruwais industrial complex. A fire broke out on its territory due to a drone attack. This refinery is the fourth largest in the world in terms of production capacity and the largest in the UAE, Logos Press reported citing RBC.
