... potentially reducing the returns on investments in oil-related assets. Market Response Following the report's release, oil prices showed a slight uptick; however, the long-term outlook depends on demand dynamics and further inventory accumulation. Currently, Brent was trading at $75.66 per barrel, while WTI stood at $72.37 per barrel. If supply remains high, it will put downward pressure on oil prices, which is advantageous for procurement but may limit profitability for investors. Reasons for Oil Inventory Growth and What It Means for Buyers High Production Levels in the U.S. Elevated production levels contribute to inventory accumulation....

... reserves and diminished exports) pressured oil prices last week. The market wants to understand whether this was a one-off spike or a continuing trend. If the API again reports a significant increase in stocks, this could heighten downward pressure on WTI/Brent oil prices, particularly ahead of EIA confirmation figures. Conversely, a decrease or stagnation in stocks would serve as a positive signal indicating that the surplus was temporary. At the time of writing, oil prices are hovering around $74 per barrel ...

... MET, AIT depends not on the volume of raw materials extracted but on the revenue from their sale, minus extraction and transportation costs. In practice, however, the revenue used to calculate AIT liabilities is determined based on a fixed discount to Brent prices in global markets. This provides the Ministry of Finance with relatively predictable budget revenues while offering oil companies a more flexible taxation system than MET. Notably, the share of AIT in taxable oil production reached 52%, as cited by Alexander Novak in an April article for the journal Energy Policy. Gas Exports Revenue growth, although less significant,...

... Countries (OPEC), consisting of 12 member states, formed an alliance with ten other countries, including Russia, in 2016 to reduce oil production, known as OPEC+. This recent increase marks the end of voluntary restrictions of 2.2 million bpd that were agreed ... ... 33 million bpd and less than 6% of OPEC+'s total daily output of 41.6 million bpd. The price of October futures for European Brent crude fell by 2.3% on Monday compared to the previous Friday's close, settling at $68 per barrel, while U.S. WTI fell by ...

... production. Consequently, the amount of fuel in the market will rise. This increase will lead to an oversupply, and as a result, further price declines. Until recently, experts believed that the chances of a significant price drop were low. The price of Brent crude oil would hardly fall below $65 per barrel—unless speculators or other large players interfered again. However, the situation with Urals crude oil is much worse. A large batch of fuel was found to be contaminated with chlorine, used to reduce extraction ...