{"id":1275637,"date":"2025-08-04T11:01:16","date_gmt":"2025-08-04T08:01:16","guid":{"rendered":"https:\/\/prm.ua\/opec-decision-and-sanctions-against-russia-world-oil-prices-are-falling\/"},"modified":"2025-08-04T11:01:16","modified_gmt":"2025-08-04T08:01:16","slug":"opec-decision-and-sanctions-against-russia-world-oil-prices-are-falling","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/opec-decision-and-sanctions-against-russia-world-oil-prices-are-falling\/","title":{"rendered":"OPEC+ decision and sanctions against Russia: world oil prices are falling"},"content":{"rendered":"<p><strong>Oil prices have fallen since OPEC+ decided to increase oil production. Major oil brands are now trading below $70.<\/strong><\/p>\n<p> This <a href=\"https:\/\/www.reuters.com\/business\/energy\/oil-little-changed-after-opec-proceeds-with-september-output-hike-2025-08-03\/\" target=\"_blank\" rel=\"noopener nofollow\">was reported<\/a> by Reuters.<\/p>\n<p> Brent crude oil prices fell 0.26% to $69.49 a barrel, while WTI fell 0.18% to $67.21 a barrel. Both have fallen about $2 in the past 3 days.<\/p>\n<p> It is worth noting that OPEC+ countries agreed to increase oil production by 547,000 barrels per day in September.<\/p>\n<p> &#8220;The actual increase in production from the eight OPEC+ countries will be 1.7 million barrels per day, while other members reduced production after previous overproduction,&#8221; Goldman Sachs analysts noted.<\/p>\n<p> Amid new US sanctions against Russia, ships carrying Russian oil bound for India have changed course, putting supplies of 1.7 million barrels per day at risk.<\/p>\n<p> Reuters noted that investors are concerned about the impact of US tariffs on the global economy and energy demand after weaker-than-expected US employment data.<\/p>\n<p> As a reminder, US President <a href=\"https:\/\/prm.ua\/ssha-karaiut-indiiu-tramp-zaprovadyv-novi-myta-cherez-zakupivli-v-rf\/\">Donald Trump announced the introduction of new tariffs for India<\/a> : from August 1, the country will have to pay 25%. He explained that India buys most of its military equipment from Russia and, together with China, is one of the largest consumers of Russian energy.<\/p>\n<p> It is worth adding that Oil Minister Hardeep Singh Puri said that <a href=\"https:\/\/prm.ua\/v-indii-zapevnyly-shcho-hotovi-do-vidmovy-vid-rosiyskoi-nafty\/\">India will be able to meet its oil needs from alternative sources<\/a> if Russian supplies are cut off by US sanctions.<\/p>\n<p> Earlier it became known that <a href=\"https:\/\/prm.ua\/kytay-proihnoruvav-ultymatum-ssha-pekin-prodovzhuie-zakupovuvaty-rosiysku-naftu\/\" target=\"_blank\" rel=\"noopener\">China refused to comply with Washington&#8217;s ultimatum and said that it would continue to import oil from Russia and Iran, despite the threat of 100% tariffs from the US<\/a> .<\/p>\n<p> Also follow <strong>\u201cPryamim\u201d<\/strong> on <a href=\"https:\/\/www.facebook.com\/pryamiy\/\" target=\"_blank\" rel=\"noopener nofollow\">Facebook<\/a> , <a href=\"https:\/\/twitter.com\/prm_ua\" target=\"_blank\" rel=\"noopener nofollow\">Twitter<\/a> , <a href=\"https:\/\/t.me\/+rtV4dxYu2_cyNjVi\" target=\"_blank\" rel=\"noopener nofollow\">Telegram<\/a> , and <a href=\"https:\/\/www.instagram.com\/pryamiy\/\" target=\"_blank\" rel=\"noopener nofollow\">Instagram.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices have fallen since OPEC+ decided to increase oil production. Major oil brands are now trading below $70. This was reported by Reuters. Brent crude oil prices fell 0.26% to $69.49 a barrel, while WTI fell 0.18% to $67.21 a barrel. Both have fallen about $2 in the past 3 days. It is worth [&hellip;]<\/p>\n","protected":false},"author":63,"featured_media":1231536,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76870,76871,76872,76892],"class_list":["post-1275637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","category-news-2","category-news-feed","category-economy"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1275637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/users\/63"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1275637"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1275637\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/1231536"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1275637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1275637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}