... global economy. Energy Sector News, Saturday, July 26, 2025: Brent Approaches $70, Record Gas Supplies, Market Reaction to Gasoline Export Ban The latest review of the fuel and energy complex highlights key events and trends as of July 26, 2025. The global oil market shows cautious price growth — Brent crude oil is nearing $70 per barrel amid optimism in trade negotiations and coordinated actions by producers. European gas storage facilities continue to fill at record rates, reducing risks for the upcoming winter. In the domestic ...

... crude increased by 14.36%, although it still remains 11.3% lower than a year ago. From a "cynical economic pragmatism" viewpoint, the conflict between Israel and Iran benefits Russia, believes Gromov from the IEF. "Before the escalation, global oil prices were holding steady at around $64-65 per barrel, and there were expectations they would fall," he recalls. "The G7 and the EU were discussing lowering the price cap for Russia from the current $60 to $45 per barrel. Had this occurred,...

... 2024, Sergey Tereshkin, the CEO of Open Oil Market, stated in an interview with Izvestia that the suspension of production at Libya’s largest oil field, Sharara, could reduce global oil supply by 300,000 barrels per day, which is about 0.3% of the global volume. In his opinion, this will temporarily raise oil prices; however, a more significant impact will come from the upcoming easing of OPEC+ quotas, which will lead to increased production in countries like Saudi Arabia and Russia. The reduction of oil production in Libya will only temporarily ...

The International Energy Agency (IEA) has released its latest report on the global oil market, highlighting key insights for investors. The report discusses projected demand growth, supply forecasts, and the role of OPEC+ in stabilizing prices. Additionally, the IEA forecasts a potential oil surplus in 2025, signaling possible price pressures for the sector. In this article, we explore what these trends mean for U.S. and European investors and why diversifying into alternative energy ...

... impact on global energy markets. The material highlights the role of sanctions, market changes, and expert forecasts, focusing on possible strategic steps that Russia may take in response to this situation. Following the unexpectedly sharp drop in global oil prices, the cost of Russian Urals oil is also falling. It may even drop below $60 per barrel at Russian ports. Why have oil prices declined, can we talk about an era of low prices, and how will the Russian budget cope with this situation? In the last ...