... Russian oil, displacing Europe. Below is a detailed overview of key events and trends in the oil, gas, power generation, and other sectors of the energy complex as of August 3, 2025. Oil Market: Brent Stable at Highs, Demand and Supply in Delicate Balance Global oil prices ended the week near multi-week highs. The North Sea Brent blend is trading around recent peaks (~$72–73 per barrel, above the psychologically important mark of $72). U.S. WTI is holding steady around $69–70 per barrel. Several factors are contributing ...

... has been completed, and gasoline and diesel production is at a seasonally high level. An additional factor is the actions of OPEC+: the upcoming increase in oil production in August will enhance raw material availability and exert downward pressure on global oil prices, indirectly easing further declines in gasoline prices. In other words, the current market conditions for oil products in the U.S. are favorable for consumers: supply exceeds demand, and prices are gradually decreasing without signs of shortages....

... has been completed, and gasoline and diesel production is at seasonally high levels. An additional factor is the actions of OPEC+: the cartel’s increase in oil production in August enhances raw material availability and exerts downward pressure on global oil prices, indirectly easing further gasoline price declines. In other words, the current market conditions for oil products in the U.S. favor consumers: supply exceeds demand, and prices are gradually falling without signs of shortage. In Europe, the situation ...

... refineries has concluded, and production of gasoline and diesel is at a seasonally high level. An additional factor is OPEC+ actions: the cartel's increase in oil production in August will enhance raw material availability and exert downward pressure on global oil prices, thereby indirectly facilitating further gasoline price reductions. In other words, the current U.S. oil products market is favorable for consumers: supply exceeds demand, prices are gradually falling without shortages. In Europe, the situation ...

... continues to intensify sanction pressure on the largest buyers of Russian energy resources. Following measures against India, Western allies have agreed on additional tightening of price limits on Russian oil, escalating geopolitical tensions. Concurrently, global oil prices, after a recent decline, show relative stabilization below $70 per barrel as the proactive policy of OPEC+ and the prospects of negotiations instill cautious optimism in the market. In Russia, a complete export ban on oil products remains active ...