... 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)....

... by the deadline set by the U.S. (August 8). These threats represent secondary sanctions aimed at limiting global demand for Russian hydrocarbons. Such tough rhetoric is causing concern among investors and international trading partners. The Indian oil market is one of the largest in the world, and U.S. actions signal to all fuel companies the risks of secondary sanctions for cooperating with Russia. Experts note that the trade standoff between the U.S. and India could lead to a reformatting of oil ...

... investors should closely monitor price dynamics and consider the risks of diminishing returns. Reevaluating strategies and potential asset diversification can help mitigate the impact of market fluctuations. Insights from Sergey Tereshkin, Founder of Open Oil Market "For buyers of oil and petroleum products, the EIA report on rising inventories in the U.S. provides opportunities for planning and optimizing expenses. In an oversaturated oil market, procurement-focused companies can negotiate contracts ...

... restrictions could threaten other countries actively purchasing hydrocarbons from the RF. Concurrently, the U.S. signals readiness for further tightening of sanctions post-August 8 if its demands are not met. This amplifies uncertainty in the global oil market, prompting companies to reconsider supply chains in light of potential new barriers. New Delhi Prepares a Response and Points Out Western Double Standards India has resolutely reacted to the trade pressure from the U.S. The Indian government has ...

... and Israel to destroy Iran's nuclear infrastructure and regime change. Another escalation could occur if Iran were to target the energy infrastructure of U.S. allies, such as Saudi Arabia or the United Arab Emirates, adds Bousso. The primary risk for oil markets remains the potential blockage or disruption of tanker traffic through the Strait of Hormuz, which accounts for one-fifth of global oil and gas supplies, he further emphasizes. Why Prices are Declining The escalation in the Middle East has occurred,...