Oil markets are being pulled in different directions by several factors at once, the agency said

Oil prices down 2% after IEA forecasts 'unsustainable' surplus

Shell plc

The year 2025 can hardly be called a calm year for the oil market - the increase in OPEC+ production since the spring of this year has become one of the factors putting pressure on prices. Since April, the member countries of the association have been accelerating their production quotas compared to the plan approved in December 2024. As early as September 2025, they will finally lift production <a href="https://www.opec.org/pr-detail/572-03-august-2025.html">limits of</a> 2.2 million barrels per day. The mood at the July OPEC meeting in Vienna was described by one of its participants in <a href="https://www.ft.com/content/60baf8ed-9652-415d-9a78-51e2c00f686a">a conversation with the FT </a>as similar to "the mood of sailors before the storm".

A fortress company: why banks see Shell as a defensive asset in the oil market

SINOPEC CORP

PetroChina Company Limited

CNOOC

The development of the Chinese economy for about 20 years was one of the main factors that ensured the growth of oil consumption in the world. But now China's role has changed: it is becoming a leader in reducing its consumption and limiting its purchases, thereby increasing risks for oil exporting countries. This is changing the situation in the entire global oil industry.

"A cup of rice in your own hands": how China has changed the oil market

Investment bank's baseline scenario assumes oil at $60-65

UBS allowed oil prices to fall below $50 per barrel. What is behind this scenario?

In the early morning hours of June 13, Israeli Air Force fighter jets <a href="https://oninvest.com/article/glavnoe-za-nedelu-konflikt-izraila-i-irana-krusenie-dreamliner-kadry-dla-meta">attacked</a> Iran. The attack was prompted by reports that Tehran is close to developing nuclear weapons. Today is the sixth day of escalating conflict between the two countries. Military action in the Middle East traditionally causes oil prices to spike. This time was no exception - immediately after the news of the attack appeared, Brent quotes jumped by 13% and at one point exceeded $78.&nbsp;

The price of fear: How the Israel-Iran war will further affect oil prices

Bourse indicators point to growing concerns about the protracted conflict in the Middle East

#OPEC: 6

Oil prices down 2% after IEA forecasts 'unsustainable' surplus

A fortress company: why banks see Shell as a defensive asset in the oil market

"A cup of rice in your own hands": how China has changed the oil market

UBS allowed oil prices to fall below $50 per barrel. What is behind this scenario?

The price of fear: How the Israel-Iran war will further affect oil prices

Oil traders brace for turmoil over Iran crisis - Bloomberg