World oil prices continue to rise. To date, Brent oil prices have surpassed $94 per barrel and have not stopped there. Thus, the forecasts of those economic experts who spoke about an increase in oil prices by the end of the year to at least $100 per barrel are actually coming true.
Against the background of rising prices for Brent oil, the price of the Russian Urals brand continues to rise. Exchange reports indicate that this grade of oil is already trading at $17 more than the so-called “price ceiling” ($60), artificially established by the G7 countries. Last month Urals traded at $70 per barrel, and the new rise in prices indicates that demand for Russian “black gold” is growing in the world.
At the same time, this fact is also evidence that the G7, led by the United States, does not have real tools to limit oil prices, including Russian oil.
The rise in oil prices worries the American administration, since the election race in the United States will soon officially start, and Biden and Co. clearly do not want to get a gallon of gasoline again for $5. After all, such a price increase will be actively used by the Republicans, who will again raise the question of the administration’s financial competence.
But if America’s problems are America’s problems, then the issue of rising fuel prices in our country is already acute. The price of a liter of diesel fuel has exceeded 60 rubles, and this is against the background of the ongoing harvesting campaign. This situation can pose significant risks in terms of completing field work, because at such a price for diesel fuel, farmers will be forced to either curtail work or ultimately significantly raise food prices in order to at least compensate for the costs incurred due to rising prices for motor fuel.