Geopolitical risks previously “pulled” quotes for many dollars today hardly affect prices.
Russia is preparing to reduce oil prices to $ 40 per barrel due to excessive supply, slowing down China’s economy and increased OPEC+countries’ oil production. This was reported by Ukraine’s Foreign Intelligence Service on Sunday, August 10.
World oil prices in late 2025 – early 2026 can fall to $ 40-50 per barrel, says Russian Fund report Roscongress. In intelligence, it is now reminded that it is now worth $ 66-68, but the market is undergoing a “new price war.”
“OPEC Opece OPEC+ cracks in seams: Saudi Arabia increases oil manufacture, creating excessive proposals. Exports of the Shale industry, which quickly increase drilling, despite the price,” explains SVRA.
In addition, further pressure on the market slows down China’s economy, as well as increasing oil exports from Brazil, Gayan and Norway. Because the geopolitical risks that have previously “pulled” are quotes for many dollars, now virtually not affecting prices. Thus, as a result, the oil supply in the world grows faster than demand.
Keep in mind that Russian oil taxes associated with oil last month reduced by about 33% to 710.4 billion rubles.
Oil has survived the longest rejection since 2021
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.