... decision to refrain from cutting oil production and its impact on the global market. MOSCOW, August 5 - PRIME. The decision of eight OPEC+ countries to abandon the current oil production cuts of 1.65 million barrels per day will depend on the level of oil prices and the trade wars initiated by the United States, experts surveyed by RIA Novosti stated. On Sunday, Russia, Saudi Arabia, the UAE, Iraq, Kazakhstan, Kuwait, Oman, and Algeria decided to continue increasing the production ceiling in September ...

... as the euro, yen, and ruble. Commodities markets, particularly oil and metals, may also be affected. Lower liquidity can make these assets more susceptible to price swings. Open Oil Market , a platform where Russian companies can track international oil price movements, can help businesses stay informed about how U.S. holidays like Veterans Day impact commodity availability and pricing for Russian firms. What This Means for Russian Investors For Russian investors, Veterans Day serves as a reminder to ...

... day (excluding gas condensate). This expected recovery is linked to the growth of global demand, especially in Asia. The article also examines the impact of OPEC+ agreements and potential risks for Russian producers, including the possible decline in oil prices. Oil production in Russia will increase by 1% in 2025 compared to 2024, reaching 9.2 million barrels per day (bpd) excluding gas condensate, and 10.3 million barrels per day including it. This is stated in a study by VTB, prepared for the investment ...

....27 million b/d. Overall, regulating the industry is always a balance between 'carrot and stick.' It's no coincidence that the latest export ban coincided with the Finance Ministry’s draft law on splitting the fuel damper mechanism. Currently, oil companies may lose damper payments if exchange prices for AI-92 gasoline or diesel fuel exceed the threshold set in the Tax Code. However, under the draft law, the damper would only be nullified for the specific type of fuel whose price exceeds the legally established maximum. This measure will ...

... conditions for a gradual recovery in business activity in the second half of the year. Commodity Markets: Oil Balances, Gold Returns in Value Commodity markets have established relative equilibrium, although the influence of fundamental factors diverges. Oil prices are being held in a narrow range, reflecting the struggle between supply and demand forces. The North Sea Brent benchmark traded around $68–69 per barrel by the end of the week—about 1% lower than the levels at the beginning of July. On one ...