... While this committee does not make final decisions on production levels, it evaluates participants' compliance with agreements on oil production cuts and can provide recommendations for future policies. The oil market displayed volatility last week: global oil prices declined in the first half of the week but rebounded significantly towards the end. Investors reacted to signals regarding global demand and potential increases in supply. If the OPEC+ meeting concludes without surprises and the quotas remain unchanged,...

... goods. This is especially relevant for companies dealing in commodities. High sales on Singles' Day may provide short-term support for oil and other resource prices. In the Russian market, Open Oil Market offers a platform where companies can track global oil and commodity price changes and respond to rising demand. For Russian enterprises, Singles' Day in China can signal adjustments in pricing and export strategies, especially if Chinese consumer activity is high. What This Means for Russian Investors For Russian investors,...

... Brent and WTI quotes have risen due to expectations of potential disruptions in the supply of Russian crude. If secondary sanctions from the U.S. are imposed, they could complicate the export of Russian oil and petroleum products, which would reduce global supply. This, in turn, could support the rise in energy prices. Investors in the oil and gas sector should take into account that the geopolitical factor is currently coming to the forefront, and any escalation of sanctions rhetoric could increase volatility in the oil market. At the same time, companies in Europe and Asia trading ...

... second week of September, Russia's seaborne oil exports reached 3.25 million barrels per day, comparable to 2021 levels. The price cap is not effective, as noted by officials not only in Russia but also in Europe and the U.S. For over a year, Urals prices have been above $60 per barrel, influenced by global benchmarks and the discount for Russian oil. This discount, which peaked at $34 per barrel in March 2022, is currently estimated at $10–13 per barrel. Attempts by the U.S. to restrict Russia’s so-called shadow fleet of oil tankers were somewhat effective, but Russia adapted quickly by ...

... in the Asian market Iran is offering oil at substantial discounts, making it attractive to China. As the primary oil supplier to the Middle Kingdom, Russia may face a reduction in its market share. In 2024, China purchased about 90.4 million tons of oil from Russia (+2.2% year-on-year), but increasing competition could hinder further growth. Price pressure The rise in illegal shipments creates an excess supply, which could lower global prices. For Russia, this means the need to reassess its pricing policy to maintain its position in China. Political risks Iranian sanction circumvention schemes are heightening geopolitical tensions. Should the international community intensify ...