... total production quotas are officially raised by about 548,000 barrels per day (even more than originally planned); a similar increase is expected in September. Recently, the OPEC+ Joint Ministerial Monitoring Committee confirmed its commitment to the deal and readiness to increase production to prevent shortages in the fall—these signals temper further price growth. As a result of the cumulative influence of these factors, the oil market remains relatively balanced. Brent has secured a range of ...

... rhetoric concerning import tariffs; however, by August 1, positive shifts are emerging: Washington and Brussels are close to an agreement that could prevent the imposition of large new tariffs. Earlier in the week, the US also concluded a separate trade deal with Japan, avoiding tariffs on Japanese cars. Now, European businesses hope for a similar compromise for the EU: uncertainty surrounding potential tariffs significantly reduces appetite for risk. Industrial and automotive giants in Europe are particularly ...

... raised by approximately 548,000 barrels per day (even slightly above the originally planned schedule); similar increases are expected to be confirmed for September as well. Recently, the OPEC+ Joint Monitoring Committee reaffirmed commitment to the deal and readiness to increase production to prevent shortages this fall—these signals temper further price rises. As a result of all these factors, the oil market remains relatively balanced. Brent has settled in the range of ~$72–73 per barrel: ...

... statements from UNSC members can influence commodity prices (oil, grains) and investor sentiment. Particular attention will be paid to discussions about the humanitarian situation and implications of recent events, such as the cessation of the "grain deal." For the market, any signs of escalation or, conversely, diplomatic shifts are significant: a rise in conflict could lead to increased resource prices and a flight to safe assets, while indications of resolution would support risk appetite....

... Argentina. The fact that OPEC+ postponed increasing quotas from October to December is directly related to the rising output in North and South America. OPEC+ countries cannot delay this decision indefinitely; sooner or later, the key participants in the deal may lose their resolve. It's no coincidence that rumors about Saudi Arabia's plans to boost oil production have surfaced in the media in recent weeks. Translated using ChatGPT. Source: https://www.vedomosti.ru/business/articles/2024/11/05/1072892-eksperti-prognoziruyut-snizhenie-tsen-....