Its target scenario sees output of 540 million tons at the end of this decade and also by midcentury, a document published Monday showed. That’s equivalent to about 10.84 million barrels a day and is only marginally above volumes in 2023, the baseline for the paper. Shipments abroad are also expected to hold steady.

The global oil demand growth forecast for 2025 is revised down slightly to 1.3 mb/d, y-o-y. This minor adjustment is mainly due to received data for 1Q25 and the expected impact on oil demand given recently announced US tariffs.

Brent lost $2.38, or 3.79%, to $60.44 a barrel, WTI fell $2.46, or 4.13%, to $57.12.

Ожидаемый объем дополнительных нефтегазовых доходов федерального бюджета прогнозируется в апреле 2025 года в размере 29,7 млрд руб.

The Worldwide Rig Count for March was 1,685, down 56 from the 1,741 counted in February 2025, and down 108, from the 1,793 counted in March 2024.

Brent were up 81 cents, or 1.26%, at $65.02 per barrel, WTI rose 92 cents, or 1.52%, to $61.61.

Совместный министерский мониторинговый комитет высоко оценил дополнительные добровольные корректировки добычи группой восьми стран ОПЕК+ в поддержку стабильности рынка, о которых было объявлено в апреле и ноябре 2023 года.

The Committee valued the additional voluntary production adjustments made by the 8 OPEC plus countries which were announced in April and November 2023 in supporting market stability.

These primarily impact China and India, who are the largest buyers of Russian oil. Both have begun turning away Russian tankers over the past few days in anticipation of the move.

Brent gained 7 cents, or 0.1%, at $73.86 a barrel, WTI ose 10 cents, or 0.1%, to $69.75 a barrel.

Hungary has gone the other way, leveraging its ties to Moscow for economic gain. It carved out exemptions from under EU sanctions on Russian oil and doubled down on natural gas purchases from Russia. Hungary is also pressing on with the Russia-led expansion of its sole nuclear power plant.

Brent fell 19 cents, or 0.3%, to $70.37 a barrel, WTI was down 20 cents, or 0.3%, to $66.70.

The Worldwide Rig Count for February was 1,741, up 46 from the 1,696 counted in January 2025, and down 71, from the 1,813 counted in February 2024.

Brent fell 5 cents to $70.9 a barrel, WTI shed 10 cents to $67.58 a barrel.

Furthermore, the eight countries reiterated their collective commitment to full conformity with the additional voluntary production adjustments as agreed under the 53rd JMMC meeting on April 3, 2024. T