OPEC raised its forecast for global oil demand in 2026 by 100,000 barrels per day, to 1. 38 million barrels per day. At the same time, the forecast for supply growth from non-OPEC+ countries decreased, especially due to the expected reduction in US shale oil production.
President Zelenskyy discussed Russian attacks and sanctions with Indian Prime Minister Modi. India supports Ukraine's peace efforts and the position that "everything concerning Ukraine must be resolved with Ukraine's participation."
Russia and India plan to expand military-technical cooperation, as became known to Ukrainian intelligence. In September, a working subgroup meeting will be held in St. Petersburg to discuss plans for 2025-2026.
The study found that conch blowing reduces sleepiness and episodes of sleep apnea. This ancient practice may be an alternative to CPAP machines for treating obstructive sleep apnea.
Brent and WTI oil prices fell in Asian trading due to expectations of talks between the US and Russia regarding the war in Ukraine. The possible lifting of sanctions on Russian oil increases pressure on the market.
India supports the upcoming meeting between Donald Trump and Vladimir Putin in Alaska. New Delhi considers the summit a promising step towards ending the war in Ukraine.
President Zelenskyy enacted the NSDC decision on synchronizing sanctions between Ukraine and key partners. Ukraine has 100% synchronized the US sanctions for 2025, which concern Russia's energy and military-industrial complex.
China justifies Russian oil imports, citing the right to economic and energy cooperation with all countries. This comes amid Donald Trump's statements about possible additional tariffs for China.
Indian Prime Minister Narendra Modi discussed with Putin the latest developments regarding Ukraine and reaffirmed commitment to deepening strategic partnership. Modi expects to meet Putin in India later this year.
In a conversation with Putin, Xi Jinping supported the efforts of the US and Russia to promote a political settlement of the crisis in Ukraine. Beijing insists on peace talks and a diplomatic resolution of the conflict.
India is reducing purchases of Russian Urals oil due to the risk of US sanctions, which has led to a drop in the price of Urals. The country is reorienting towards American and Middle Eastern oil, increasing imports from the US.
US gold futures hit a record high, exceeding $3534. 10, due to the imposition of tariffs on bullion imports. This caused a widening spread between futures and spot prices.
Donald Trump is preparing to meet with Putin next week to discuss peace in Ukraine. The approaches of the parties differ radically, the chance of success is illusory.
US President Donald Trump has launched an economic attack on buyers of Russian oil by imposing 25% tariffs on goods from India. This could destabilize global markets and create political risks for Trump himself.
US President Donald Trump is considering whether to punish Russia. Instead, he announced a summit with Putin. Trump also informed European leaders about a possible meeting with Putin and Zelensky, for which Moscow, it seems, has not provided sufficient assurances.
Oil prices were little changed on Friday but are heading for their biggest weekly losses since late June due to new US tariffs. Investors are concerned about the impact of the tariffs on the global economy and oil demand.
China is deliberately prolonging the war in Ukraine, strengthening military and economic cooperation with Russia. Beijing considers the conflict beneficial for weakening the United States. This position nullifies Western peace initiatives.
The US-sanctioned tanker Contract II, currently at a scrapyard in India, is being sold under unusual payment terms and with the seller's identity concealed. This indicates increasing pressure on "dark fleet" vessels amid tightening sanctions.
The US is doubling tariffs on Indian goods as punishment for purchases of Russian oil. This creates a dilemma for India, which has long-standing relations with Moscow.
Gold prices are rising amid hopes for a Fed interest rate cut and Trump's statements about new tariffs. Spot gold and gold futures are showing growth in Asian trading.
New tariffs introduced by US President Donald Trump have come into force, raising the average US tariff rate to 15. 2%. This is the highest figure since World War II, posing a new challenge for the global economy.
Oil prices rose 1% after US inventories fell and exports increased. Macroeconomic uncertainty due to US tariffs on Indian goods limits growth.
US President Donald Trump announced that a decision on additional tariffs on Chinese goods is close to being made. This is related to Beijing's trade with Russia, but the exact date of the restrictions' introduction is unknown.
US President Donald Trump stated that the imposition of sanctions against India is only the first step. A significant expansion of the list of secondary restrictions is expected.
The Trump administration plans new measures to pressure Russia, including sanctions against the shadow fleet of oil tankers. This comes after the introduction of 25% tariffs for India for buying Russian oil.
India's Ministry of External Affairs states that US tariffs on Russian oil imports are "unfair. " Trump's decision is called "unfortunate," and India promises to protect its interests.
The US President signed a decree introducing an additional 25% tariff on India. This decision is related to India's import of oil from Russia.
Gold prices slightly decreased due to the strengthening dollar and investors' expectations of Trump's decisions regarding appointments to the Fed. Spot gold fell by 0.2%, futures by 0.1%.
Brent and WTI crude futures rose 0. 6% after falling to a five-week low. This happened amid fears of supply disruptions due to US threats to impose tariffs on India for buying Russian oil.
India says its purchases of Russian oil have helped stabilize global prices by preventing shortages. The country is the third largest oil importer and buys more than a third of its oil from Russia.
