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Russia lowers 2025 oil price forecast to $68 per barrel, risking budget deficit and economic growth.
Russia's Economy Ministry has significantly lowered its 2025 oil price forecast to $68 per barrel for Brent crude, down from $81.7 previously.
This reduction is due to factors like oversupply and a stronger ruble.
The ministry also predicts a lower price for Urals crude, Russia's main export, averaging $56 per barrel, below the G7 price cap.
The decrease could lead to a budget deficit due to reduced oil and gas revenue, potentially impacting GDP growth and the overall economy.
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Rusia baja el pronóstico del precio del petróleo en 2025 a $68 por barril, arriesgando el déficit presupuestario y el crecimiento económico.