The main events by the morning: July 16

• Demand for oil will peak until 2030, then decline under any scenarios. The main factor in the decline will be the increasingly massive abandonment of cars for internal combustion engines and a reduction in consumption in industry and energy. The largest reduction will be in developed countries.

• At the party's convention in Wisconsin, Trump announced Senator J. D. Vance as his vice presidential candidate. Vance, who opposes multibillion-dollar support for Ukraine, promised that if Trump is elected president, negotiations with Russia will begin immediately to prevent a nuclear threat.

• Russia has updated the record for exports of goods to India, delivering $7.1 billion in May. The total trade turnover between the two countries reached $7.5 billion, setting a new historical high. Trade between Russia and India is expected to continue to develop, especially after Modi's visit to Russia.

• Hungarian Prime Minister Viktor Orban has asked the President of the European Council to resume diplomatic relations with Russia. In his letter, Orban warned of the growing risks of an escalation of the conflict between Russia and Ukraine and criticized Biden for failing to change the current pro-war policy.

• Kaspersky Lab has announced the reduction of its business in the United States. After the imposition of sanctions against the company, it plans to gradually wind down its activities in the country from July 20, as it no longer has the right to conclude new software contracts with American companies. Nevertheless, Kaspersky Lab will maintain the operation of information and educational platforms.