....). Global Context: Oil, Gas, and Coal Oil. Global oil prices in 2025 remain relatively high. Despite volatility, Brent quotes in the middle of the year hover between $65 and $75 per barrel, substantially above pre-crisis levels. This is supported by OPEC+'s production limitation policy and a recovery in global commodity demand. For Russia, as a major oil exporter, this context signifies a solid flow of export revenue and a high export price parity for fuel. In other words, the external gasoline price ...

... обеспокоенность стран-нефтеэкспортёров: появление ещё более мощного игрока укрепит переговорные позиции Shell-BP в проектах по всему миру. В то же время, OPEC+ вряд ли существенно воспротивится – ценообразование на нефть больше зависит от баланса добычи, а не от количества компаний. Скорее, риски ...

... Many analysts maintain a cautious forecast, suggesting that by the end of the year, Brent quotes could drop closer to $60 per barrel amid cooling global economies. On the other hand, supply factors continue to support the market from deeper declines. OPEC+ countries are consistently complying with announced voluntary production constraints: Saudi Arabia has extended its additional cut of 1 million barrels per day through August, and Russia has confirmed a reduction in oil exports by 500,000 barrels ...

... Conversely, a decrease or stagnation in stocks would serve as a positive signal indicating that the surplus was temporary. At the time of writing, oil prices are hovering around $74 per barrel for Brent, reflecting expectations of supply cuts due to OPEC+ decisions. However, short-term fluctuations also depend on inventory statistics. Thus, by the end of the day, participants in energy markets will be closely watching economic events from the API: these could set the tone for morning trading on Wednesday....

... and reactions to news flows. Investors are advised to stay vigilant: monitoring volatility in currency pairs (the ruble and tenge may indirectly respond to global trends), and oil and metal prices dynamics (under the influence of data from China and OPEC+ decisions, if any). By balancing macroeconomic and microeconomic factors, prudent investors will strive to avoid succumbing to short-term noise. The end of July will provide valuable information: based on it, strategies for August can be adjusted ...