... demand. The European gas market remains relatively calm due to record replenishment of fuel stocks in underground storage ahead of winter. At the same time, regulators and market participants are taking measures to maintain balance: as of August 1, the OPEC+ alliance has initiated a planned increase in oil production to avoid supply shortages, while the U.S. Federal Reserve’s decision to keep interest rates unchanged signals stability in macroeconomic conditions and supports investor optimism. In ...

... article. MOSCOW, October 12 - PRIME. The average price of Brent crude oil in 2024 will be just under $80 per barrel. On one hand, it will be influenced by the slowdown in oil demand in the transportation sector and the growth of production outside OPEC+, while on the other hand, it will be affected by rising tensions in the Middle East, shared Sergey Tereshkin, CEO of the oil products marketplace "Open Oil Market" (a Skolkovo resident), in an interview with RIA Novosti. "In the ...

... demand for energy resources in China, as well as a relative temporary lull in the Middle East," says Alexander Shepelev, a stock market expert at BCS World of Investments. "The recovery growth in demand has exhausted itself, coinciding with OPEC+'s plans for gradual production increases. Participants in the deal planned to increase quotas from October 2024, but the market started reacting to this news in advance. Additionally, signs of a slowdown in U.S. manufacturing affected the market: ...

... and strong seasonal demand. The European gas market maintains relative stability, thanks to active filling of underground storage facilities ahead of winter. Simultaneously, regulators and market participants are taking steps to maintain balance: the OPEC+ alliance is preparing to increase oil production in August to avoid shortages, while the U.S. Federal Reserve’s decision to keep interest rates unchanged signals stability in macroeconomic conditions, boosting investor optimism. In Russia, the ...

This will be facilitated by the increase in global demand for raw materials and the easing of OPEC+ restrictions. Comment by Sergey Tereshkin for "Vedomosti." Analysts forecast a 1% increase in oil production in Russia in 2025, reaching 9.2 million barrels per day (excluding gas condensate). This expected recovery is linked to the growth ...