One of the largest Russian oil companies is planning to increase the oil supplies volume to Europe by 5%. In particular, Rosneft has made an agreement with Germany, the Czech Republic and Poland. That will make the company’s export grow and will certainly increase the revenue. According to analysts, the consumption of raw materials in the European market will be relatively slow, which will allow Rosneft to increase its share.
The positive news has immediately influenced the value of Rosneft shares, which has increased by 1.8% and still continues to grow. Traders will have a great opportunity to earn money on a further rise. Remember, that trading will be available during the European session, from 7:10 to 14:30 GMT time.
The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.