Russia's economy ministry cuts 2025 Brent price forecast by nearly 17%

Russia's economy ministry cuts 2025 Brent price forecast by nearly 17%

Russia's economy ministry has cut its forecast for the average price of Brent crude in 2025 by nearly 17% from what it saw the price would be this year in its September calculations, according to documents obtained

Russian oil was recalculated at the real exchange rate: EADaily

EADaily, April 21st, 2025. The Ministry of Economic Development has changed the forecast of the price of Russian oil for this and the next two years. It was brought to the current value, which is seriously different from the figures budgeted. Russia can painlessly afford to increase government obligations if money is needed…

Russian Economic Officials Brace for Lowest Oil Prices Since Pandemic

Russian authorities are bracing for a continued slump in oil prices, with the Economic Development Ministry significantly reducing its 2025 forecast for the average price of Urals crude to $56 per barrel.

Russia Expects Fewer Exports and Lower Oil Prices This Year

Russia downgraded its outlook for exports this year and lowered expectations for the price for its oil, developments that may force the government to dip into its w…

Russia’s Economy Ministry Lowers 2025 Oil Price Forecast

Russia's Economy Ministry has revised its oil price forecast downward for this year and the next two years, reflecting current global oil market trends.