Russia
Surging prices fueled by refinery activity, China demand, and Middle East disruptions
Surprise decline in U.S. crude stockpiles supports prices
Surprising drop in U.S. oil and gasoline inventories points to increased demand from top fuel consumer
Inflation data influences gold prices amid Federal Reserve decision-making
Mixed signals from U.S. jobs data impact prices
Concerns over shipping attacks and Fed interest rate cuts impact crude futures
Both countries are also exploring a native BRICS currency
China oil export shares have risen to approximately 45 to 50 percent
Settlement of oil sales in currencies of Russia-friendly countries on the rise
Commitment to enhancing trade cooperation, continuity of joint efforts emphasized
Market focus shifted to supply-demand balance as Middle East concerns ease
