... than a year ago, reflecting a gradual market correction following the peaks of the 2022-2023 energy crisis. Several key factors are influencing price dynamics: OPEC+ Production Increases. The oil alliance is methodically increasing supply. In August 2025, the combined production quota for key member countries rose by approximately 548,000 barrels per day, with a comparable expansion expected in September. Since spring, production restrictions have been progressively relaxed, leading to an increase in global oil and oil product inventories. Slowing Demand Growth. Global oil consumption is growing at more moderate rates. The International Energy ...

... overview of the key events and trends in the oil, gas, electricity, and other segments of the energy sector as of August 2, 2025. Oil Market: Brent Holds Near Highs, Demand and Risks Support Prices Oil prices wrapped up the week at multi-week highs. ... ...,000 barrels per day (even slightly above the originally planned schedule); similar increases are expected to be confirmed for September as well. Recently, the OPEC+ Joint Monitoring Committee reaffirmed commitment to the deal and readiness to increase ...

... facilities in California) – are creating risks of local supply reductions in the future. For now, however, the summer season of 2025 is proceeding relatively calmly: fuel prices are either declining or stabilizing, and consumers are generally assured of ... ... energy market dynamics in the near term: OPEC+ Decisions: The market awaits official confirmation of OPEC+ production plans for September and beyond. If the cartel continues to increase supply, oil prices may remain in the range of $65–70, but an unexpected ...

... some capacities in California) – create risks of localized supply reductions in the future. For now, however, the summer of 2025 is relatively calm for the refined products market: fuel prices are either dropping or stabilizing, while consumers around ... ... and energy sector in the near future: OPEC+ Decisions: The market awaits official confirmation of OPEC+ production plans for September and beyond. If the alliance continues to increase supply as scheduled, oil prices may hold in the $65-70 per barrel ...

... “The rise in prices was unexpected because many in Europe anticipated a decline to around $300 during the off-season in September and October,” explains Igor Yushkov, an expert at the National Energy Security Fund and the Financial University under ... ... factor is the uncertainty surrounding gas transit through Ukraine, especially with the transit agreement expiring in January 2025. Market players are already buying futures to hedge against potential disruptions. Asian Competition Intense competition ...