... (JMMC) meeting on July 28; while the committee lacks the authority to change production quotas, its recommendations and signals could influence short-term price dynamics. Consequently, the oil market enters a new week in a state of relative equilibrium. Brent prices remain at the upper end of the recent months' range, although they remain sensitive to any news about economic risks or changes in OPEC+ policy. Gas Market: Record Storage Levels Reduce Risk of Winter Price Spikes The European natural gas market ...

... a sharp drop in prices. At the same time, expectations of monetary policy easing in major economies fuel investor interest in commodity assets, including oil. As a result, by the end of the week, the oil market is in a state of relative equilibrium. Brent prices have settled in the upper range of recent months, although they remain sensitive to any news regarding economic risks or changes in OPEC+ policy. Gas Market: Record Storage Levels Reduce Price Risks The European natural gas market continues to ...

... Oil production in Russia reached 9.19 million barrels per day in June, exceeding the OPEC+ quota by 140,000 barrels per day. The increase in OPEC+ quotas, coupled with risks of a slowdown in the global economy, has led to a cooling of the oil market: Brent prices remain firmly below $70 per barrel. — Sergey Teryoshkin, commentary for RBC Indeed, Brent quotes remain within a narrow range below the psychological level of $70 this week. As of Friday morning, prices fluctuate around $69 per barrel. Investors ...

... Experts predict a decrease in oil prices next year. According to analysts, crude oil will become cheaper amid rising production in the United States and OPEC+ countries. Sergey Tereshkin, Founder and CEO of OPEN OIL MARKET: "In 2025, the average price of Brent crude will drop below $70 per barrel. Key production growth will come from countries outside the OPEC+ agreement, including the United States, Brazil, Guyana, Canada, and Argentina. The fact that OPEC+ postponed increasing quotas from October ...

... actual level of oil production is currently below the quota level. Increased production will contribute to the growth of the tax base for the MET on oil. At the same time, the decline in prices will not be dramatic, Tereshkin believes. He admits that Brent prices may temporarily fall below $50 per barrel, but this would lead to risks of reduced production in the U.S., and as a result, the market would quickly return to normal. Therefore, significant reductions in income from the AIT should not be expected....