The leadership of the aggressor country of russia is preparing for a scenario when world prices for crude oil in 2026 could fall to USD 40-60 per barrel.
The Foreign Intelligence Service of Ukraine reported this on Sunday, August 10.
The Kremlin is worried about the fate of oil revenues, according to a recent report by the russian Roscongress fund.
Currently, the price of a barrel fluctuates between USD 66 and 68, but the market is experiencing a new price wave. For example, Saudi Arabia is increasing the production of oil, which will affect the cost of raw materials.
In addition, "oil is added to the fire" by exporters of the shale industry, who are rapidly increasing drilling, despite the prices.
The Foreign Intelligence Service of Ukraine added that the pressure on the oil market is exerted by the slowdown in the Chinese economy. At the same time, Brazil, Norway and Guyana are increasing their oil exports.
"Geopolitical risks, which previously "pushed up" quotes by a few dollars, now have almost no effect on prices. As a result, the supply of oil in the world is growing faster than demand," the Foreign Intelligence Service explained.
As Ukrainian News Agency earlier reported, on August 1, Reuters wrote that the OPEC+ cartel decided to increase oil production in September this year.
Recall, in May this year, Saudi Arabia threatened to change its course regarding oil production.
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