... per day. By the end of the year, this surplus is expected to narrow to 300,000 barrels per day. Sergey Tereshkin, CEO of the OPEN OIL MARKET platform for oil products and raw materials, explains this trend with the following factors: Easing of OPEC+ quotas: Saudi Arabia, Russia, and other alliance members plan to increase oil production by December 2024, adding an extra 540,000 barrels per day to the market. Rising production in Iran: Despite sanctions, Iran is ramping up oil production,...

... two weeks, driven by easing trade tensions and geopolitical factors, while the European gas market is strengthening thanks to active stockpiling of fuel in storage facilities. At the same time, the industry is attempting to balance supply and demand: OPEC+ countries are adhering to a gradual increase in production, while Russia has implemented restrictions on gasoline exports to curb domestic prices. Below is a detailed overview of key events and trends in the oil, gas, electricity, and other segments ...

... geopolitical aspects of energy trading. This information will be useful for investors and market participants, ranging from oil and fuel companies to electricity and coal industry specialists. Oil Market: Stable Prices Amid Rising Production Oil companies in OPEC+ countries are gradually increasing production in line with the easing of restrictions. According to the International Energy Agency (IEA), oil production in Russia increased by 20,000 barrels per day in June 2025, reaching 9.19 million barrels ...

... and relatively low commercial oil stocks in the U.S. and Europe are constraining further price declines. Supply and demand balance: In the second half of the year, analysts previously predicted a surplus of oil amid slowing demand growth. According to OPEC's July estimates, global oil demand is expected to increase by only 1.3 million b/d in 2025, lower than the rates of 2024. Additionally, the IMF forecasts a slowdown in the global economy, including a GDP growth rate of about ~4% for China (the largest ...

... economic events slated for Thursday, December 5, 2024. The article delves into significant macroeconomic indicators, including Switzerland's unemployment rate, Germany's manufacturing orders, and the Eurozone's retail sales figures. A focal point is the OPEC+ meeting and its potential ramifications on global oil prices and the Russian economy. Additionally, the piece evaluates the U.S. trade balance, initial jobless claims, Canada's Ivey PMI, and the EIA's natural gas storage data. Insights are provided ...