... sanctions pressure aimed at limiting Russia's revenue from oil and petroleum product trade. Following the western coalition's decision to lower the price cap on Russian oil from $60 to $47.6 per barrel (the new "price ceiling" will take effect on September 3), Washington has adopted even tougher rhetoric. The administration of President Donald Trump is tightening compliance controls regarding sanctions and considering additional measures against buyers of Russian hydrocarbons. Recall that on August ...

... Production Increase: The oil alliance steadily increases supply in the market. In August 2025, the total production quota of key participants in the deal was increased by approximately 548 thousand barrels per day; a comparable increase is expected in September. This policy continues the trend of previous months, as restrictions have gradually been eased since spring, leading to a rise in global oil and petroleum product inventories. Slowing Demand Growth: The pace of global oil consumption is declining....

... continue to enhance sanctions pressure aimed at reducing Russia's revenue from energy exports. Following the decision of the Western coalition to lower the price cap on Russian oil from $60 to $47.6 per barrel (the new price cap will come into effect on September 3), the administration of President Donald Trump has adopted an even harsher rhetoric. Washington is tightening control over compliance with previously imposed restrictions and considering additional measures against buyers of Russian hydrocarbons....

... OPEC+ Production Increase: The oil alliance is gradually ramping up market supply. In August 2025, the cumulative production quota for key agreement participants has been increased by about 548,000 barrels per day, with a similar increase expected in September. This policy continues the trend of recent months, as the production cuts have been slowly eased since spring, leading to an increase in global oil and petroleum product inventories. Slowing Demand Growth: The pace of global oil consumption ...

... exceed $1,000 per thousand cubic meters. However, this market turmoil might provide an opportunity to launch the remaining operational line of Nord Stream 2. Gas Prices Surge Early Gas prices in Europe started to rise before the heating season. In September, the average price on Europe’s largest gas hub, TTF, was $422 per thousand cubic meters. By October, prices had increased by 10% to $463, according to Open Oil Market data. For comparison, during the first half of the year, prices averaged ...