Energy Prices Seen Rising; Medvedev Warns of Ongoing Increases

Russian Security Council Deputy Chairman Dmitry Medvedev forecast that energy prices are poised to climb higher in the near term. Speaking at the Knowledge training marathon, as reported by the state news agency TASS, he outlined a persistent pattern of rising costs across major energy consuming economies. Medvedev highlighted that the current trajectory for energy demand and supply remains damaging to affordability, with higher prices seeming likely to accompany ongoing shifts in global energy markets. The deputy chairman underscored a scenario in which both crude oil and natural gas continue to command stronger price levels, signaling continued pressure on household budgets and industrial costs alike. The broader implication, he suggested, is a sustained period of elevated energy expenditures, reflecting structural factors in supply, geopolitics, and market expectations that influence pricing across energy benchmarks and contract terms.