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OPEC+ vs Trump: Why Oil Prices Aren't Dropping and What Threats Against Russia Have to Do With It
... and Trump's influence, as well as the role of threats directed at Russia.
Eight OPEC+ countries have announced a new increase in oil production for September, effectively ending their plan to adhere to voluntary production restrictions ahead of schedule.... ... increases are exerting downward pressure on prices, while on the other hand, threats from U.S. President Donald Trump to impose new sanctions are pulling prices upward. Forbes investigated why the cartel is ramping up production, who has captured its market ...
Fuel and Energy News, Friday, July 25, 2025: Brent below $70, record gas supplies, gasoline export ban starting August
On July 25, 2025, significant changes occurred in the fuel and energy sector, affecting key resources such as oil and gas, as well as renewable energy sources. One of the critical ... ... potential EU decisions regarding further reductions in dependency on Russian gas. Against the backdrop of discussions on new sanctions against Russia, Hungary has already stated that it will seek separate solutions with Russia in the event of a European-wide ...
The Hungarian Ministry of Foreign Affairs Announces Damage to the Druzhba Oil Pipeline in Bryansk Region
The Hungarian Ministry of Foreign Affairs has confirmed the incident involving the Druzhba oil pipeline in Russia, which could have serious implications for the region's energy security.
Incident with the Druzhba Oil Pipeline
On ... ... Malfunctions:
Problems related to infrastructure wear and tear are also possible, which is common with aging pipelines.
Economic Sanctions:
Restrictions imposed against Russia may impact the maintenance and technical condition of the network.
Implications ...
New Reality for Gazprom: The End of a 60-Year Partnership with the EU
... undergoing historic changes: Gazprom faces serious challenges after ending 60 years of cooperation with the EU. A 9-fold reduction in exports, increased competition from American LNG, and Europe's transition to "green energy" have changed the geopolitical ... ... Russian LNG at a volume of 21 billion cubic meters; however, these supplies are under significant risk due to potential new sanctions. Among the few remaining partners of Gazprom in Europe, Hungary remains significant.
The Role of the U.S.: Strategic ...
Energy Sector News, Monday, July 28, 2025: Brent around $70, EU gas reserves near 70%, gasoline export ban
On July 28, 2025, in energy sector news: the price of Brent oil remains stable at around $70 per barrel, indicating a soft demand and supply balance ... ... of Russian companies remain near historic highs, with the coal sector actively reorienting toward Asian markets in light of sanctions. The government supports exporters by developing port infrastructure in the Far East and subsidizing railway transport ...