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