... examines the impact of OPEC+ agreements and potential risks for Russian producers, including the possible decline in oil prices. Oil production in Russia will increase by 1% in 2025 compared to 2024, reaching 9.2 million barrels per day (bpd) excluding gas condensate, and 10.3 million barrels per day including it. This is stated in a study by VTB, prepared for the investment forum "Russia Calls!" which will take place on December 4–5 in Moscow. VTB analysts note that global oil consumption next year may reach 104 million barrels per day, a 1% increase compared to the 2024 figure. By 2030, they estimate that demand will reach 108 million barrels per day due to increased consumption in Asia, especially in China and India. Oil ...

... storage filling; however, in the future, there could be stiffer competition for LNG from Asia if the economies of APEC countries begin to accelerate. Stabilization of Demand: Relatively mild summer weather and energy conservation measures are holding back gas consumption growth in Europe. The industry and electricity sector in the EU have adapted to last year's high prices, reducing dependence on gas, which, coupled with full gas storage, keeps prices at a moderate level. Looking Towards Winter: With current ...

... Energy Efficiency The European Commission is urging EU member states to actively build gas reserves, which can help stabilize supplies in the event of disruptions. Alongside this, EU countries are developing energy efficiency programs aimed at reducing gas consumption. Improving energy efficiency, especially in the residential and industrial sectors, can significantly decrease reliance on imports. Outlook and Challenges for Europe Despite the EU's efforts in diversifying supplies and building reserves, ...

... already surpassed overall inflation. According to estimates from Rosstat, from January to the end of July 2025, gasoline prices at gas stations across the country rose by approximately 4.6% , while inflation did not exceed 4.5% during this period. This mirrors ... ... in gasoline and diesel prices this year include: Seasonal Demand. The summer months are traditionally a period of peak fuel consumption. The vacation season and active automotive mobility lead to increased gasoline demand. Additionally, diesel consumption ...

... shortage, the economic impact of high prices could be significant. Rising energy costs will increase inflation, strain household and industrial budgets, and slow economic growth. While Europe is better prepared with higher storage levels and reduced gas consumption, its energy future remains vulnerable to geopolitical, weather, and market forces. Translated using ChatGPT. Source: https://vz.ru/economy/2024/11/6/1296361.html