... gasoline remains in effect, aimed at cooling domestic fuel prices during the peak summer demand period. Below is a detailed overview of key events and trends in the oil, gas, electricity, and other sectors of the energy industry as of August 1, 2025. Oil Market: Brent Remains Above $72, Demand and Risks Support Prices Oil prices are holding at recent highs, with North Sea Brent trading around a multi-week peak, exceeding the psychologically important level of $72 per barrel. American WTI is hovering around $69. The pricing uptick is fueled by several factors: U.S. Trade De-escalation with Partners. The framework agreement between Washington and Brussels has helped avoid an ...

... evident: Asian countries have transformed into the key market for Russian oil, displacing Europe. Below is a detailed overview of key events and trends in the oil, gas, power generation, and other sectors of the energy complex as of August 3, 2025. Oil Market: Brent Stable at Highs, Demand and Supply in Delicate Balance Global oil prices ended the week near multi-week highs. The North Sea Brent blend is trading around recent peaks (~$72–73 per barrel, above the psychologically important mark of $72). U.S. WTI is holding steady around $69–70 per barrel. Several factors are contributing to the price increases: Trade truce and rising demand. Progress in trade negotiations between major economies has improved ...

... gasoline export continues, aimed at cooling domestic fuel prices during the peak summer demand period. Below is a detailed overview of the key events and trends in the oil, gas, electricity, and other segments of the energy sector as of August 2, 2025. Oil Market: Brent Holds Near Highs, Demand and Risks Support Prices Oil prices wrapped up the week at multi-week highs. The North Sea blend Brent is trading close to recent peaks (around $72–73 per barrel, above the psychologically important mark of $72). The American WTI is hovering around $69–70. Price increases are fueled by several factors: U.S.-EU trade thaw. The establishment of a framework agreement between Washington and Brussels prevented escalation of ...

... Strength Index) has exited overbought territory following the April rally, and moving averages have aligned, confirming a neutral momentum in the short term. The lack of a clear trend within the $90,000–$100,000 range reaffirms this neutrality – the market has taken a pause to reassess the balance of power. The key resistance level of $100,000 remains firmly in focus. A breakout on significant volume could catalyze an acceleration of the upward trend given the psychological importance of a six-figure price and the possible triggering of buy orders from large players. Conversely, the nearest support is evident around the $90,000 mark, where demand had previously concentrated. A deeper safety net for bulls is ...

... production, while Russia has implemented restrictions on gasoline exports to curb domestic prices. Below is a detailed overview of key events and trends in the oil, gas, electricity, and other segments of the fuel and energy sector as of July 30, 2025 . Oil Market: Brent Surpasses $70, Geopolitics Boosts Growth Oil prices continue to trend upwards. The North Sea blend, Brent , approached a two-week high and briefly surpassed the psychologically important level of $70 per barrel. American WTI remains around $66-67. Price increases are fueled by several positive factors: U.S.-EU Trade Truce: The conclusion of a framework agreement between Washington and Brussels helped avoid ...