... 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 future of which will be discussed at the OPEC+ monitoring committee meeting on September 7. Experts believe that the alliance will approach the issue of further production increases cautiously. Demand for oil traditionally decreases in the fall, especially considering the economic slowdown in Europe and China, so some analysts expect that OPEC+ may pause in October-December and not immediately expand quotas after ...

... consumers. Causes include a combination of seasonal factors—high summer demand from farmers and tourists—and supply constraints. Several refineries ( refineries ) halted operations for scheduled repairs in June and July, reducing gasoline and diesel production. Additionally, some major players, as determined by the Federal Anti-Monopoly Service (FAS), significantly reduced fuel sales on the exchange: the FAS opened a case against a subsidiary of Gazprom for cutting AI-92 gasoline sales by 74% and AI-95 by 50% in late spring, which could have triggered shortages and price spikes. The government, alongside oil companies, is swiftly developing a package of measures to stabilize the situation. Key actions include: ...

... are a combination of seasonal factors — high summer demand (including from agricultural producers and tourists) — and supply constraints. Several oil refineries paused operations for scheduled repairs in June and July, reducing gasoline and diesel production. Moreover, some major players, as identified by the Federal Antimonopoly Service (FAS), reduced sales volumes on the exchange: FAS initiated a case against a subsidiary of Gazprom for cutting AI-92 gasoline sales by 74% and AI-95 by 50% in late spring, which could have provoked the shortage on the exchange and price increases. The government, in collaboration with oil companies, is rapidly developing a comprehensive set of measures ...

... Detailed Analysis of Key Events on Friday, December 6, 2024 07:30 MSK: India — Interest Rate Decision The Reserve Bank of India (RBI) will announce its key interest rate decision. Maintaining the current rate may indicate economic stability. A rate cut aims to stimulate growth but could pressure the Indian rupee, while a hike would strengthen the rupee but might dampen domestic demand. 10:00 MSK: Germany — Industrial Production for October Industrial production is a vital indicator of Germany's economic health, the Eurozone's largest exporter. An increase suggests economic recovery, benefiting the euro, whereas a slowdown may raise concerns about a Eurozone recession....

... 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 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, ...