... around $64-65 per barrel, and there were expectations they would fall," he recalls. "The G7 and the EU were discussing lowering the price cap for Russia from the current $60 to $45 per barrel. Had this occurred, it would have posed a serious challenge to the Russian oil industry and our economy, leading to reduced budget revenues." The escalation in the conflict between Israel and Iran has led to two outcomes favorable for Russia, according to Gromov. Firstly, global oil prices jumped by $10, lifting Russian oil prices with a corresponding correction in budget revenues. Secondly, as long as the situation between Israel and Iran remains unsettled, it is unlikely that G7 countries will take any action regarding ...

... industrial production. The expert shares his forecasts and explains how a decrease in energy export revenues could affect the standard of living for citizens and influence strategic decisions in economic policy. Special attention is given to the current challenges facing Russia's oil sector, as well as potential ways to adapt the economy to the new conditions. The structure of oil and gas revenues in the Russian budget helps mitigate the risks of a decline in global oil prices, Sergey Tereshkin, CEO of the petroleum product marketplace Open Oil Market, said in a conversation with RIA Novosti. According to him, one of the serious risks to Russia's budget system in 2025 will be a drop in raw material prices....

... Thursday, Asia sets the tone – the Chinese PMI will show how the largest manufacturing power is handling external and internal challenges, while the Bank of Japan's decision will influence investor sentiment toward emerging markets. European data on inflation ... ... scrutinize reports from these flagship companies, as their results can affect broad stock market dynamics not only in the U.S. but globally. Friday, August 1, 2025 Major Economic Events: 04:00 (China): Caixin PMI business activity index (manufacturing, July)....

... earnings report before U.S. market open with an expected revenue growth of 4.6%. However, Dollar General has faced financial challenges affecting sales. Investors should pay attention to net profit figures and future guidance. Kroger Company (KR): The ... ... 5th is expected to be a central event of the day where participants will discuss oil production quotas that directly influence global oil prices. For Russia as a leading oil producer, OPEC+ decisions are critical; maintaining or increasing current quotas ...

... Macroeconomic Events 16:00 (MSK): Russia – Trade Balance for October Russia’s trade balance will reveal the difference between exports and imports. This data provides insights into the country's external economic activity, which has broader implications for global commodity flows. 16:15 (MSK): Eurozone – ECB Interest Rate Decision A key event for currency and bond markets, the ECB’s decision will be closely watched for signals on monetary policy amid current economic challenges. Markets will focus on any adjustments to interest rates or forward guidance. 16:30 (MSK): USA – Producer Price Index (PPI) for November The PPI measures inflation at the producer level, often serving as a precursor to retail inflation trends....