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Oil prices may start to grow again after 2020 — Russia's Energy Ministry

According to the draft Russian Energy Strategy, "the growth of global demand for oil will slow down after 2025 and possibly reach its peak before the 2030s"

© Viktor Drachev/TASS

MOSCOW, December 26. /TASS/. Oil prices may start growing again after 2020 because of the decreasing supply on the global market, according to the draft Russian Energy Strategy published on the website of the Russian Energy Ministry.

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Russia's reserves will be enough for three years if oil prices drop to $25-30/barrel

"Accelerated development of the most effective reserves and decreasing investment into geological exploration and into oil and gas projects in different regions will create prerequisites for the decreasing supply of oil after 2020, which will require intensive investment into shale and other costly projects and may lead to the start of the new phase of price growth," the draft document says.

The draft notes that the level of future oil prices will be determined by several factors — growth rates of the world economy, situation on financial markets, break-even level of shale oil development in the United States, as well as political developments.

"It is forecasted that the growth of global demand for oil will slow down after 2025 and possibly reach its peak before the 2030s. Demand for oil products will be formed under the influence of growing consumption in the transport sector simultaneously with decreasing demand in the household and commercial sectors, as well as in the electric power industry," the draft document adds.

According to the document, demand for motor fuels will grow up until 2035, while consumption of fuel oil and other dark oil products will decrease in the same time period, especially on the European market.

Anti-Russian sanctions

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Putin warns West that Russia can respond to any turn of events

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Russia uses aerial bombs to destroy Ukrainian positions near DPR’s Konstantinovka — source

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Kiev suffering fiasco on entire front line — aide to DPR head

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Russian air defense deflects attacks with Western missiles — Putin

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US forces strike Houthi sites with seaborne missiles — TV

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China holds US responsible for disrupted defense ministers' meeting in Laos

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Oreshnik test aims to persuade West to avoid escalation in Ukraine — media

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German politician slams Ukraine’s ‘irresponsible’ strike on Russia with UK-made missiles

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Zelensky fine with conflict continuing due to Western help — Slovak PM

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Russian army pushes Ukraine out of Kurakhovo water reservoir’s north shore

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Zelensky to have no input if Russia, US negotiate, ex-Prime Minister says

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Kremlin confident Putin's statement got through to US administration

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Trump to continue using Ukraine to contain Russia — Valdai program director

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World has not seen such chaos, brutality since World War II — Kim Jong Un

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Iran begins installation of three new generations of centrifuges to enrich uranium — TV

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Press review: Russia fires missile at Ukraine plant and Biden forgives Kiev $4.65 bln debt

Top stories from the Russian press on Friday, November 22nd

Russia encircles largest Ukrainian fortification in southern DPR — security services

"The enemy positioned in the fortified area in Velikaya Novoselka in the south of the DPR is already trapped in a kill zone," the source said

Moscow hopes West will thoroughly analyze Russia's nuclear doctrine — ambassador

Andrey Kelin also recalled that the policy of the Russian leadership enjoys the full support and confidence of the country's population

Romanian presidential candidate vows to end military aid to Ukraine

It is pointed out that Simion’s popularity has propelled him to number two in the polls after Prime Minister Marcel Ciolacu

Pentagon sees possibility of sending more antipersonnel landmines to Ukraine

Department of Defense Deputy Press Secretary Sabrina Singh gave no direct answer to the question of how Washington was planning to control Kiev’s use of US landmines

US journalist calls US President Joe Biden’s government 'the fascist state'

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Biden's decision on missile strikes on Russia is his 'last gasp' — Japanese lawmaker

Earlier, Muneo Suzuki emphasized on his blog that the decision that this decision by Biden on the tail-end of his presidency looked like "a last gasp"

IN BRIEF: What Putin said about Russia’s new missile, and Moscow’s response to the West

Moscow used its new Oreshnik medium-range hypersonic ballistic missile in response to the West’s decision to authorize strategic-depth strikes on Russia

Putin's speech shows West that Russia won’t waver, is ready for any scenario — expert

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West launched missiles targeting Russia’s Bryansk, Kursk Regions — Putin

Russian air defenses repulsed all attacks, the Russian president said

US makes mistake by destroying INF Treaty — Putin

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"Democratic institutions in the country have been destroyed, rendering dialogue between the government and the people impossible," Viktor Medvedchuk said

Biden’s decision to use ATACMS against Russia may 'blow up in America’s face' — US expert

According to Daniel Davis authorizing US long-range weapons to be used against Russia is "foolhardy to the highest order," "especially because there is no military upside for doing so"

Russian embassy warns UK about dangers of calling for Moscow’s ‘defeat’

According to th statement, London is promoting new rounds of escalation

Russian forces successfully advancing in all areas in special military op zone — Putin

The Russian president said that "all the goals we set for ourselves are being achieved"

Russia interested in security of Baltic undersea infrastructure — embassy in Denmark

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Zelensky begs ‘for his country to be flattened’ — US journalist

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US vote at UNSC rejected chance of stopping 'horrific bloodshed' in Gaza, Russian MFA says

"Once again, a chance to free the hostages, who include Russian nationals, has been missed," the statement reads

Weapons supplied to Ukraine cannot reach Russian territory, Spanish defense minister says

The New York Times reported on November 17 that US President Joe Biden had authorized the use of US-supplied ATACMS tactical ballistic missiles for strikes inside Russia

US Congressman urges to impeach Biden for allowing strikes deep into Russia

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