Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Russia lowers 2025 oil price forecast to $68 per barrel, risking budget deficit and economic growth.

flag Russia's Economy Ministry has significantly lowered its 2025 oil price forecast to $68 per barrel for Brent crude, down from $81.7 previously. flag This reduction is due to factors like oversupply and a stronger ruble. flag The ministry also predicts a lower price for Urals crude, Russia's main export, averaging $56 per barrel, below the G7 price cap. flag The decrease could lead to a budget deficit due to reduced oil and gas revenue, potentially impacting GDP growth and the overall economy.

11 Articles

Further Reading