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An expert assessed the risks of a decline in oil prices.
... Tereshkin, CEO of the oil product marketplace "Open Oil Market" (a Skolkovo resident), in an interview with RIA News.
In the expert's opinion, one of the risks for Russia's budget system next year will be a drop in oil prices. At its latest meeting, the OPEC+ alliance extended the current production quotas until March 2025, but the markets were not encouraged: Brent oil prices are currently in the range of $72-75 per barrel.
Tereshkin suggests that after Donald Trump's inauguration, the average annual ...
Economic News: Sunday, July 27, 2025 – US and EU Close to a Trade Agreement, Markets Await Signals from the Fed
... agreement is expected to be announced this weekend, which would avoid the imposition of increased tariffs from August 1. The meeting between European Commission President Ursula von der Leyen and President Donald Trump, scheduled for Sunday in Scotland,... ... eliminates the threat of economic slowdown, which in turn supports oil consumption. Additionally, supply constraints persist: OPEC+ countries continue voluntary production limits, and specific export disruptions (such as the temporary suspension of Azeri ...
Will production fall in Iran and Venezuela? Should the market expect a sharp rise in prices or increased competition among exporters?
... (Weatherford, Schlumberger, Halliburton, Baker Hughes).
Not About Prices, But About Competition
The risks of a decline in production in Iran and Venezuela are largely offset by the upcoming easing of OPEC+ quotas. According to the communiqué of the June OPEC+ ministerial meeting, quotas for Saudi Arabia, Russia, Kazakhstan, Iraq, the UAE, Kuwait, Algeria, and Oman will increase by 540,000 barrels per day by December 2024 (to 30.96 million barrels per day) compared to the current level. By the end of 2025, quotas for Russia ...
Economic News: Saturday, July 26, 2025 - CBRF Reduces Rate, Wall Street Hits New Highs
... again come to the forefront. Thus, oil prices are balancing between supply-reducing factors (voluntary production limits from OPEC+ countries and sanctions against Russia) and signs of weakening fuel consumption.
Gold, meanwhile, continues to hold near ... ... hovered around $1.18–1.19 per euro: the single European currency could not significantly break above, although the ECB, in its meeting on July 24, maintained the rate at 2.1%, simultaneously hinting at inflation nearing the target. Some softness in the ...
Macroeconomic Events and Quarterly Reports of Major Companies on July 22, 2025: Reports from Coca-Cola, RTX, Equifax, SAP, UniCredit
... Christine Lagarde refrained from comments that could influence expectations. The main intrigue will likely remain until the bank's meeting in two days. Today, the euro traded steadily around $1.10 per €1 as investors adopt a wait-and-see stance. Macroeconomic ... ... the time of writing, oil prices are hovering around $74 per barrel for Brent, reflecting expectations of supply cuts due to OPEC+ decisions. However, short-term fluctuations also depend on inventory statistics. Thus, by the end of the day, participants ...