The revision of the oil output baseline for the UAE made it possible to reach a compromise in the negotiations to extend the OPEC+ agreement. In return, the UAE supportedthe proposal to extend the current deal until the end of 2022, and to increase thetotal oil production by OPEC+ countries by...

The refusal to sharply increase oil output by the OPEC+ deal participants and the news of the launch of vaccinations against the coronavirus were positively received by the world oil market: on December 10, for the first time since March 2020, Brent crude futures rose above $50 per barrel. The...

The main uncertainties for the world oil market in H2 2022 are as follows: formal completion of the OPEC+ deal in September 2022 and chances and terms of its extension; sanctions on Russian exports of oil and oil products, their scale and duration

The approved tax code amendments will cap a discount on Urals oil price to North Sea Dated for the calculation of oil taxes. By our estimates, amendments may bring an additional of around Rb640bn into the budget in 2023. However, the mechanism incorporated in the amendments entails the risk of a...

Russian domestic ruble retail and wholesale gasoline prices have stayed below the level predicted by the law of one price (LOP) over the first few months of 2015. The main factors of phenomenon are the rigidity of Russia's domestic gasoline prices, infrastructural or regulatory trade...