... Agreement on the U.S. According to Valery Andrianov, an associate professor at the Financial University under the Government of the Russian Federation, executing a plan to procure $250 billion worth of energy resources from the U.S. annually, while keeping prices the same, will be challenging. “This is highly unlikely, as such rapid growth in U.S. oil and gas production and exports is not feasible. For instance, the U.S. Energy Information Administration (EIA) forecasts that domestic oil production will increase by only 400,000 barrels per day this year to 13.61 million, and reach 13.76 million barrels ...

Discussing why the record stock market prices for gasoline did not impact the export ban and what to expect for prices at gas stations in the near future. Fuel market quotes have been hitting record highs since the beginning of the week, as if the complete ban on gasoline exports introduced just a week ago had never happened. The market did not anticipate a cooling period ...

... 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, but it had been anticipated by traders, said Alexey Gromov, the Chief Energy Director at the Institute of Energy and Finance. He explained that the initial spike in the price of crude ...

Expert Tereshkin: The Structure of Oil and Gas Revenues Reduces the Risks of Falling Oil Prices (Prime). Expert Sergey Tereshkin assessed the risks of falling oil prices for Russia's budget. He noted that low prices could be offset by the devaluation of the ruble and increased production. Despite possible short-term drops below $50 per ...

... for the ruble, and this time is unlikely to be an exception. "We expect the dollar to reach about 95 rubles by the end of the year. A weaker ruble will support export revenues to the budget," says the expert. "Despite the drop in prices, a serious collapse in oil and gas revenues is unlikely, as both the actual Urals discount to Brent and the fixed discount used by the Ministry of Finance in tax calculations ($20 per barrel) are now significantly lower than at the beginning of 2023, when the Urals discount to Brent ...