- Andrey Gromadin
- Anna Kotelnikova
- Anton Stroutchenevski
- Artem Vinogradov
- Cole Akeson
- Nikolay Minko
- Research Team
- Rodion Lomivorotov
CIS Market Daily - June 17, 2020
MARKET COMMENT - MORE FED COMMENTARY, RUSSIAN GDP, OPEC+ LEAD TODAY'S AGENDAUS stimulus promises continued to benefit markets in the early part of the day yesterday, while surging Covid-19 infections in some parts of the world and more warnings about the global economy from the Fed cut into gains in the late afternoon. The RTS gained 1.7% to 1,243, compared with a 2.4% gain for the MSCI EM. More Fed commentary, geopolitical flare-ups in Asia, and OPEC+ are among the stories to watch today. STORIES> Oil cut deepens y-o-y decline in Russian industrial production in May> CBR preview: Cautious 50 bp cut on Friday> Deputy finance minister promises changes to EPT holiday terms
Gazprom Neft PJSC is vertically integrated oil company operating in the Russian Federation, CIS and internationally. Co.'s principal activities include exploration, production and development of crude oil and gas, production of refined petroleum products and distribution and market ing operations through its retail outlets. Co.'s Upstream segment includes the exploration, development and production of crude oil and natural gas (including joint ventures results), oil field services. Co.'s Downstream segment processes crude into refined products and purchases and sells and transports crude and refined petroleum products (refining and marketing).
OJSC OC Rosneft is a vertically-integrated Russian oil and gas company with upstream and downstream operations in each of Russia's oil-producing regions. Headquartered in Moscow, Co. operates ten oil and gas producing enterprises across Russia and is involved in over ten exploration projects. In addition to its upstream operations, Co. also owns two refineries, which have a combined capacity of 10 million tons per year, as well as four main oil export terminals and a nationwide network of over 600 service stations. Co.'s downstream operations consist of its crude oil export structure, refining operations and nationwide network of marketing subsidiaries.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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