... price in the fourth quarter of 2025 at around $60–65 per barrel. However, most experts believe a deep price collapse is unlikely; as prices approach critically low levels, OPEC+ countries may cut supply again to support the market. OPEC+ Increases Oil Production, Proceeding Cautiously OPEC+ countries continue a policy of gradual oil production increases. At the beginning of August, several key participants in the agreement (including Saudi Arabia, Russia, the UAE, Kuwait, and others) announced an increase ...

... day, reaching 9.2 million barrels, which is 230,000 barrels above its OPEC+ target. This rise could present additional market opportunities for Russian exporters, particularly in Europe, despite OPEC+ guidelines. Meanwhile, OPEC+ collectively reduced oil production by 320,000 barrels per day in October, exceeding planned cuts by 720,000 barrels, highlighting the coalition’s commitment to volume regulation. 2025 Oil Surplus Forecast A notable takeaway from the report is the IEA’s projection of an oil ...

... significant impact on the global energy market. At the same time, we are observing a stabilization of oil prices and an increase in demand for coal, indicating new trends in the energy sector. In this article, we will analyze the current realities of the oil products market, as well as discuss the supply situation in India and China. We will also explore the growing interest in alternative energy sources (RES) and trends in refineries. Stay with us to learn about the latest changes in the global energy market....

... participants agreed to increase the collective quota by 548,000 barrels per day in September—another step towards the gradual lifting of previous cuts. Several leading producers are already operating close to maximum levels; for instance, Russian oil production in June exceeded the established quota (approximately 9.19 million against a limit of 9.05 million barrels per day). Similarly, Saudi Arabia, Iraq, the UAE, and some other countries are exceeding their plans, although certain participants, ...

... 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 recently implemented ban on gasoline exports ...