Freedom Finance Global Lead Analyst Natalya Milchakova in an interview with RT gave a guess Brent oil price corridor is in the range of 71-77 dollars per barrel. According to him, data on weekly commercial hydrocarbon reserves are always important to the market: the higher they are, the more reasons for the price increase.
“Saudi Arabia has announced an increase in oil sales prices for its customers, which has become the driving force for the growth of oil prices. OPEC will release its monthly report next week. “Oil prices could continue to rise unless the oil cartel’s experts raise their forecast for world oil demand for 2024 or lower their forecast for this year,” he said.
At the same time, he thinks that if the forecast falls, the price of Brent crude oil may fall to the levels of 70-72 dollars per barrel.
beginning of july reportedHe said Russian oil refineries (ORs) increased oil refining by 5% in June, reaching 750,000 tons per day.
Previously recognizedThat Russia has exceeded spring indicators for its oil refinery.