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Over the next year, we can forget about prices of \$70 for Russian export oil — that would mean Brent at \$80. That’s definitely not something we’re facing for now.
#Oil #Economy #Russia #Economy of Russia

Oil has dropped. And it most likely won’t go back up.
#Oil #Economy #Russia #Economy of Russia

Gas and oil are likely to be not very expensive in the near future.
#Oil #Gas #Economy

Given that OPEC+ isn’t planning to cut production — in fact, they’re planning to increase it — the pressure is downward. I don’t think it will bounce back to the level it was at under the Trump presidency, no. In response to the question: "I understand that it’s impossible to predict oil prices, but still — what trend would you point to right now?"
#Oil #Economy

Eventually, by the end of the year—or maybe even earlier, in the fall—these countries will make a final decision (I'm already quite sure of it): let’s stop limiting production altogether. Each country will produce as much oil as it wants, as much as it can. About OPEC
#Oil #Economy

Eventually, by the end of the year—or maybe even earlier, in the fall—these countries will make a final decision (I'm already quite sure of it): let’s stop limiting production altogether. Each country will produce as much oil as it wants, as much as it can.
#Oil #Economy

Colleagues from the UAE asked what the average oil price would be this year. I boldly replied that it would be 68 dollars per barrel of Brent.
#Oil #Economy

The Americans can easily control this process of price decline. Yes, prices will decline. I am absolutely confident that oil prices will move downward.
#Oil #Economy of Russia #Economy #Russia

I speculate on what the next move by the United States might be: closing the Danish Straits, through which about 30-40% of Russia's oil and gas exports pass.
#USA #Denmark #Russia #Oil #Economy

The price of oil will not rise. It will most likely decrease due to the obvious oversupply. This is because OPEC countries are eager to increase production and move beyond output quotas. If Trump has any influence here, it’s indirect.
#Oil #Economy

It seems to me that Trump will start by crashing oil prices, working to bring them down in order to take away Putin's main advantage—money.
#Trump #Oil #Economy #Russia #USA

Trump intends to lower global oil prices... I am convinced that prices will go down.
#Trump #Oil #Economy

The leverage in this war is in the hands of the President of the United States. If it’s Donald Trump, then oil prices will almost certainly drop significantly—one could even say they will collapse.
#Trump #Oil #USA

Well done, you finally did something decisive without waiting for the United States. They will definitely join the sanctions against Russian oil exports, I'm sure—whether it's in September, October, or November, it doesn't matter, but they will join.
#USA #Russia #European Union #Oil

The oil price cap should have been revised a long time ago. Sixty is already a completely outdated figure for the current market. It should have been lowered. But imagining that the G20 will now come together and decide to lower it from 60 to 45 — that’s unrealistic. There are already too many disagreements, too many conflicts, so it’s no longer possible to make it happen. Referring to the oil price cap for Russia.
#Oil #Economy #Russia #Economy of Russia #G20

Tariffs on countries that consume Russian oil. India will, of course, be the first to suffer. I don't think these tariffs will be extended to China; that's my prediction. The Americans aren't going to quarrel with the Chinese over this right now.
#USA #India #China #Trump #Economy #Oil #Russia

I believe there are no fundamental reasons for the oil price to sharply drop again or, conversely, to stabilize. It seems to me that this price level is quite acceptable for American producers.
#Oil #Economy

This morning Brent was at 74... If the price keeps dropping, and the overall trend for the year, I think, is downward. It’s hard to predict, but for now, I don’t see any reason for a significant price increase. Talking about oil prices.
#Oil #Economy of Russia #Russia #Economy

I’m not a Trump buff. But to ignore what Trump actually does—like when he drove oil prices down, and now they’ve been driven up again by an Iranian move—would be foolish. It won’t last long. Prices will fall sooner or later—most likely in early July, though we can’t give exact forecasts; it might be next week, or even this week. Once the confrontation starts to cool, Urals crude will drop below $60.
#Oil #Economy

Canada's primary export to the U.S. is oil. The U.S. operates oil refineries that process this oil to produce gasoline for the domestic market. A tariff on Canadian oil would immediately impact gasoline prices within the U.S. Gasoline prices in the U.S. will rise if tariffs on Canadian oil are imposed.
#USA #Canada #Oil #Economy