... Additionally, the summer vacation season is driving increased gasoline and jet fuel consumption in the U.S. and China. Major producers forecast that global oil consumption will rise by approximately 1.2 to 1.3 million barrels per day in the second half of 2025.... ... production there, potentially reintroducing over 200,000 barrels/day into the market. Thus, rising supply alongside enduring risks of economic slowdown exerts a “cooling” effect on prices. Macroeconomic Factors. For the past week, commercial oil inventories ...

... 2025 to about 0.7 million barrels per day (compared to a rise of more than 2.5 million barrels per day in 2023). Even OPEC's forecasts are currently more restrained – around +1.3 million barrels per day in 2025. The reasons include a weakening global ... ... Anchorage, Alaska. Although there was no direct breakthrough from the meeting, both sides agreed to continue discussions on trade, economic, and energy issues. Vladimir Putin noted that there are opportunities for energy cooperation between Russia and the U....

... 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. The International Energy Agency (IEA) revised its demand growth forecast for 2025 to about 0.7 million barrels per day (compared to over 2.5 million barrels per day in 2023). Even OPEC's estimates have become more restrained, around +1.3 million barrels per day for 2025. Reasons include weakened economic activity and high prices from previous years, which encourage energy savings. An additional factor has been a slowdown in industrial growth in China, which limits the appetite of the second-largest oil consumer. Geopolitical Uncertainty: A protracted ...

... pessimists expect: Sustainable corporate earnings. Many corporations are demonstrating revenue and profit growth, often exceeding forecasts. These results support high stock prices and partially justify elevated multiples. Stable macro conditions. Inflation,... ... the U.S. Thus, market capitalization relative to U.S. GDP appears overstated – as it compares a global business to a local economic metric. Technological boom. Breakthroughs in IT (such as the development of artificial intelligence) fuel investor confidence ...

... equity and generous dividends, making investments in the bank reliable and profitable: investors receive both capital appreciation and a stable stream of dividends. Undoubtedly, risks remain – including changes in the regulatory environment or new economic shocks – but Sber's current resilience and efficiency provide grounds to expect successful fulfillment of its forecasts.