... additional supply risks. Nevertheless, the price increase remains limited. One reason is OPEC+'s proactive stance, which has already been priced into the market. The alliance of oil-producing countries previously agreed to increase production starting in September, and expectations of increased volumes are moderating the situation. Additionally, concerns over slowing global economic growth and weak demand in China are preventing prices from spiking sharply. Several analytical agencies have revised their ...

... additional supply risks. However, the price increase remains tempered. One reason is the actions of OPEC+, which have already been accounted for in prices. The alliance of oil-producing countries previously agreed to increase oil production starting in September, and these additional volumes are moderately cooling the market. Concerns regarding a slowdown in the global economy and weak demand dynamics in China are also preventing prices from surging sharply. Several analytical agencies have already ...

... pre-crisis levels. In August, the deal stipulates that eight key countries (including Russia, Saudi Arabia, the UAE, etc.) monthly increase total oil production. It has recently been announced that they plan to add another 547,000 barrels per day in September to aggregate quotas, which will allow them to fully lift previously imposed voluntary restrictions of 2.2 million barrels by Q4 2025. Nonetheless, there remain voluntary cuts of 1.65 million barrels per day extended until the end of 2026, the ...

... international intergovernmental agreements or fuel exported for personal use or international humanitarian aid. The idea to extend the measure came from the Ministry of Energy. The proposal implied that the ban would effectively continue through September and October, and for the next two months, an embargo would be in place only for non-producers of petroleum products. The previous temporary export ban on gasoline was introduced in September 2023. Market Reaction to the Lifting and Return ...

... recovery in demand. OPEC+ Supply. The OPEC+ alliance continues to boost production after a period of constraints. At an extraordinary meeting at the beginning of August, 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 ...