The market's perception of reduced risk to Iraqi oil exports and news regarding increasing Libyan oil exports contributed to a drop in the Brent crude oil spot price to an average of $107 per barrel (bbl) in July, $5/bbl lower than the June average.

IEA says sanctions have low impact on Russian oil

Oil prices drive projected enhanced oil recovery using carbon dioxide

Fitch Ratings подтвердило долгосрочные рейтинги дефолта эмитента («РДЭ») России в иностранной и национальной валюте на уровне «BBB». Прогноз по рейтингам – «Негативный». Краткосрочный РДЭ в иностранной валюте подтвержден на уровне «F3». Рейтинги приоритетных необеспеченных облигаций страны в иностранной и национальной валюте также подтверждены на уровне «BBB». Страновой потолок понижен с уровня «BBB+» до «BBB».

OPEC: The oil market outlook in 2015

OPEC: World oil supply 2014-15

OPEC published Monthly Oil Market Report July 2014

SHORT-TERM ENERGY OUTLOOK

Russia economy would shrink if hit by sectoral sanctions

GLOBAL ECONOMY WEEK AHEAD-Jobs, cars seen cementing U.S. spring rebound

IEA study measures economic benefits of oil stocks. Cumulative gains valued at more than USD 3.5 trillion, mainly from limiting effects of supply disruptions on the world economy.

IEA sees need for a greater policy shift towards energy efficiency and infrastructure modernisation

Energy supply to require $40 trillion investment by 2035 - IEA

Europe Must Invest to Avoid Energy Shortfall, Warns IEA

EIA: Russian gas pipeline exports to Western Europe up 20%