... and Traditional Generation, and Investor Forecasts. Current events in the fuel and energy complex (FEC) as of August 13, 2025 attract investor attention due to their ambiguity. Geopolitical tensions continue to escalate: Washington is expanding its sanctions pressure and hints at measures against China following India. Simultaneously, global oil prices remain relatively stable in the mid-$60 range per barrel, reflecting a balance between risks and OPEC+ efforts. In Russia, exchange prices for petroleum products ...

.... Alexey Gromov from IEF believes that each of the countries currently serving as the largest buyers of Russian oil—China, India, and Turkey—will react differently to the situation. "I assume that China will be the least susceptible to U.S. sanctions pressure," Gromov noted. "The experience of China procuring Iranian oil despite intense U.S. pressure serves as proof. I think a similar situation could occur with Russia. China is not interested in reducing its purchases of Russian oil and ...

... exchange rate by the end of 2024 is expected to be in the range of 93 to 100 rubles per dollar. With stable oil prices and no new sanctions, the rate will likely be closer to 93-95 rubles. In a more negative scenario, with falling oil prices and increasing sanctions pressure, the rate may come closer to 100 rubles per dollar. Comment by Sergey Tereshkin, CEO of Open Oil Market: In such an uncertain economic environment, it is important to consider both scenarios - both strengthening and weakening of the ruble. The ...

... operations as undermining efforts to isolate Russia. Washington has also hinted that similar trade restrictions could threaten other countries actively purchasing hydrocarbons from the Russian Federation. Meanwhile, the U.S. signals its readiness to escalate sanction pressure after August 8 if its demands are not met. These steps exacerbate uncertainty in the global oil market, forcing energy companies to reconsider supply chains in light of potential new barriers. New Delhi Rejects Claims and Points to Western Double ...

... per day for 2025. The reasons include a slowdown in the global economy and the impact of high prices in previous years that promoted energy conservation, in addition to weak industrial activity in China. Geopolitical Tension. A prolonged conflict and sanctions pressure add uncertainty to the market. The lack of progress in negotiations between Russia and the West means that strict restrictions on the export of Russian oil remain in place, supporting a certain risk premium in prices. On the other hand, the fact ...