OPEC

Prices stabilized after falling more than 1% due to increased gasoline and diesel inventories in the US. Saudi Arabia also cut July prices for Asia.

Russia's oil revenues fell by 32% year-on-year to 430. 4 billion rubles due to falling oil prices. The strengthening of the ruble also contributed to the decrease in revenues from the oil industry.

Oil prices rose on concerns Iran may reject a U. S. proposal on a nuclear deal. A wildfire in Canada also led to the shutdown of oil production.

OPEC+ decided to increase oil production in July by 411,000 barrels per day. Brent and WTI oil prices rose after falling last week.

American Senator Lindsey Graham stated that he would call on European partners to lower the price ceiling on oil. According to him, Ukraine will not lose this war.

Russia earns billions from oil exports to the West, which allows it to finance the war. Russia's revenues from fossil fuels fell by only 5% in 2024, despite sanctions.

Oil prices are falling due to expectations of increased OPEC+ production in July. Uncertainty is also added by the decision on Trump's tariffs, which have been temporarily restored.

Oil quotes were supported by the US ban for Chevron to export oil from Venezuela and possible sanctions against Russia. Expectations of increased OPEC+ production are holding back price increases.

Oil prices rose after Trump extended trade talks with the EU. Also, limited progress in talks between the US and Iran reduced concerns about Iranian oil.

Brent and WTI crude fell more than 2%, weekly decline for the first time in three weeks. OPEC+ is considering increasing production by 411,000 barrels per day.

Oil prices fell after the US government released data on increased inventories of crude oil, gasoline and distillates. At the same time, concerns remain about a possible Israeli strike on Iranian nuclear facilities.

The price of Brent and WTI oil fell due to expectations of an agreement between the US and Iran regarding sanctions, as well as due to an unexpected increase in oil reserves in the United States.

Prices for Russian oil have been falling for the fifth week in a row, bringing the cost of exports close to a two-year low. Production has increased, but falling prices negate profits.

Oil prices rose following statements from the US and China about progress in trade negotiations. Both sides expressed optimism about resolving the dispute.

Oil prices rose, supported by positive sentiment regarding trade negotiations between the US and China. Signs of a decline in US shale oil production also had an impact.

The average price of Urals and ESPO fell to 3,987 rubles per barrel, which is 40% lower than the Russian government's forecast for 2025. As a result, the government raised its budget deficit estimate for 2025.

Oil prices rose in Asian trading, recovering from a fall to their lowest level since 2021. The reason for the fall was concerns about the consequences of the trade war between the US and China.

Futures fell by 2. 1% due to concerns about a global surplus. Strong renewable energy production in Europe is also putting pressure on demand for fossil fuels.

Shell is considering acquiring BP due to the fall in the latter's share value. The decision will depend on further BP quotations, but Shell also has alternative development scenarios.

Oil prices fell by more than $2 a barrel on OPEC+ plans to accelerate production. This raised concerns about increased supply in the market.

OPEC+ decided to increase oil production in June by 411,000 barrels per day. This is happening against the backdrop of falling prices due to fears of surplus and a weak economy.

Oil prices edged up after China said it was open to negotiations with the US on tariffs. This has raised hopes of a de-escalation of the trade war between the two largest economies.

Oil prices continue to decline, heading for their biggest monthly drop in more than three years. The reasons are the trade war and fears about increasing supply.

Brent crude fell to $65. 42 a barrel, WTI to $61.65. Economists fear a recession due to the trade war, Barclays lowered its oil price forecast.

Oil prices rose due to US-China trade talks and a possible increase in OPEC+ supply. Brent rose to $67.08, WTI to $63.26 per barrel.

Oil prices fell more than 3% on concerns of oversupply from OPEC+ and uncertainty over U. S.-China trade talks. A strong U.S. dollar also weighed on prices.

Russian oil companies are actively drilling wells, exceeding pre-war levels, preparing for a possible easing of OPEC+ restrictions and sanctions. This indicates the industry's adaptation to Western restrictions.

Oil prices rise after falling as investors weigh OPEC+ output increase and signals on tariffs from the White House. The US and Iran are holding talks on the nuclear program.

Oil prices fell due to Kazakhstan's position on production, negating previous gains from sanctions against Iran. U.S. oil inventories fell, and Trump softened his tone on China.

Russia has worsened its forecast for oil exports this year and lowered its Urals price expectation to $56 per barrel. According to the forecast, this may require the use of reserves to cover expenses.