Lates News

After the possibility of drone attacks into Russian territory from Ukraine, causing a disruption in oil supply, oil prices surged today. Analysts from Morgan Stanley stated in a report that the attacks have offset the OPEC+ production increase of 411,000 barrels per day in July. The analysts mentioned that since the increase in supply meets market expectations, oil prices should not be affected in the short term. However, the outlook for oil surplus by the end of 2025 remains unchanged. Morgan Stanley added that with no signs of slowing down in the pace of OPEC+ quota increases, the trading price of Brent crude oil may be around $50 per barrel by the first half of 2026.