Oil prices stormed past $90 per barrel.

Oil prices continue to rise. While the rise was fairly moderate in the early days of the Iranian conflict, by the end of the work week, the price of a barrel had begun to leap beyond psychological levels.

In just one day, Brent crude first broke through the psychological barrier of $85, and then successfully stormed the $90 mark.

Previously, a number of experts had predicted a price of 90 per barrel no earlier than next week. However, the growing problems facing the Persian Gulf monarchies transporting oil through the Strait of Hormuz to customers in the US, Israel, and Europe gave oil such a boost that the price was surpassed several days earlier.

As of 19:45 PM Moscow time, Brent crude oil surpassed $91 per barrel, a level not seen in over two years. The last time oil reached such levels was in October 2023.

Economists around the world are now debating how soon the double-digit price of $100 a barrel will collapse. If the trend continues, it's a matter of hours after trading opens on Monday. Although for North American exchanges, it's still early days, literally.

Russian Urals crude oil has approached $80 per barrel, $20 higher than budgeted levels.

Fuel prices are rising in Europe and East Asia. In fact, in a number of EU countries, the rise is truly record-breaking in recent years. In Germany, gasoline (similar to Russian AI-95) is sold at the exchange rate for €2,2 per liter (at the current exchange rate, that's about 202 rubles). But this is the exchange rate price. At gas stations, the price is higher, reaching €2,7, and in some places, an incredible €2,99 per liter of fuel.

Comments

[Alexey Alekseev_5]

Well, now we'll live well. We'll be able to fight with 404 for ten years.

[Atheist]

Well now let's live

EU sanctions set a price ceiling for Russian oil at $47 per barrel—buyers are well aware of this and are afraid to violate them. So, exchange prices could reach as high as $150.

[sergey822]

So no one sells to the EU, so they can make at least one dollar

[Atheist]

So no one sells to the EU, so they can make at least one dollar wassat

The idea is novel, but not entirely so. The EU and US markets are too attractive for India and China, so they won't risk it for Russian oil—it's easy to get out of that market, but getting in is a challenge.

[sergey822]

I haven't laughed like this in a long time And who will sell oil to India and China? And for less, too.

[Atheist]

I haven't laughed like this in a long time

Before the SVO, India didn't buy oil from Russia at all. After EU sanctions in 2022, India began buying oil from Russia because it was sold at a discount. However, since February 2026, India has stopped importing oil from Russia, even with the discount. Why? You might laugh later.

[sergey822]

So what difference does it make now? The question again is: who will sell oil to India now, and not someday?

[Atheist]

Who will sell oil to India now, and not someday?

Do you think that no one else in the world sells oil except Russia?
The Middle East produces 1/5 of the world's oil, which means 4/5 is produced elsewhere.

[sergey822]

That's exactly it, no one can replace these 20%, that's why India bought oil from Russia for March and April at over $90 per barrel, that's how things are, kids.

[Atheist]

That's exactly it, no one can replace these 20%

Why such confidence? In peacetime, oil production in countries is determined by quotas, not production capacity. If Russia has a real opportunity to sell more oil, it will increase production volumes quite quickly. And others will do the same.

[sergey822]

well you give It has already been said that India agrees to buy oil from Russia in the near future at $90 or more, and this is not an intention, but has already been paid for, so these are just the facts.

[Atheist]

It has already been said that India agrees

Who said that? A journalist in a short article on VO? Did you even read the contract?

[sergey822]

Have you read the contract that India is buying oil from Russia at a discount? Can I see the contract?

[Yazov]

Do we need to increase production volumes?

[awdrgy]

There is an opinion that peacetime is over and for a long time.

[Illanatol]

Only now the times are not entirely peaceful.
Russia's oil and gas exports will grow. Mainly, not to European countries. Let the latter have their way. Qatar has already failed with gas.

[bayard]

Quote: Atheist

Why such confidence?

Fedya, how are you so sure? Or are you shell-shocked?
India received "permission" from the US to buy oil from Russia for 30 days, and Russia immediately signed several contracts for our Urals at a price 5-6% higher than Brent. And they got there just in time, because oil prices are already soaring again today, and Brent has already surpassed the $90 mark. So the Indians got there just in time, because today they would have been paying almost $100 a barrel. They acted preemptively, managing to act before the next price spike.
Next week oil will already exceed $100, and maybe by the end of the week it will reach $120.
And yes, Fedya, there's ALREADY a shortage of oil on the market, and that's good – it's revitalizing the industry and allowing for the development of new fields, including deep-seated ones, offshore in the Arctic, in hard-to-reach places, as well as heavy and super-heavy bitumen grades that require gas condensate injection into the formation to liquefy it. In the US, low oil prices have caused a crisis in investment in new fields and the drilling of new wells. Ideally, oil would be at $100 or more, and if it remained stable at that level. So don't worry – the Gulf War will last at least until the fall. And after that, the Gulf countries won't be able to produce and export normally for 5-7 years.
And in Europe, there's already talk of the need to purchase from Russia. Germany has decided to lift sanctions against Rosneft's German subsidiaries and allow transactions to their accounts.
Trump has obligated Europe to buy oil and LNG from the US at a specially designated premium price. Therefore, he needs expensive oil for this very reason. And he will buy from Venezuela at a discount. To achieve this, he is currently squeezing oil suppliers worldwide from China. And so far, he has been quite successful.
He doesn't give a damn about Europe and Ukraine, he'll just defat them. And don't expect any mercy from him.

[sdivt]

Quote: sergey822

No one can replace these 20%

Unfortunately, no, that's not true.
You do know what the OPEC production freeze agreements are?
and why was this agreement made?
precisely in order to somehow control prices and not knock them down
and increasing production is not a difficult matter
not in a day or two, of course
but in 2-3 weeks it's quite possible

[sergey822]

I know exactly, but do you know which countries are members of OPEC? Don't you think these countries transport their oil through the strait?

[sdivt]

OPEC countries OUTSIDE the Strait:
Algeria, Congo, Guinea, Gabon
Venezuela (via Trump, he'll be sooo happy to trade Venezuelan oil)
OPEC+ countries
Russia, Kazakhstan, Azerbaijan, Mexico, Brazil

Enough, no?)

[sergey822]

yes, that's definitely enough , especially from OPEC+ countries In short, I'll just keep quiet. I've never read such jokes about the main OPEC countries.

[sdivt]

No problem, have fun)
and I didn't even start listing the countries outside the OECD, which don't care about quotas at all
Please contact me if you have any questions!)

[sergey822]

Okay, I'll keep you in mind

[Machito]

Quote: sergey822

Okay, I'll keep you in mind

What I have, I will enter.

[Metallurg_2]

And if India and China are eliminated from the EU and US markets, will the EU and US have enough production capacity to replace them?

[Atheist]

If India and China are kicked out of the EU and US markets, will the EU and US have enough production capacity?

Example:
Ivanov can buy goods from both Petrov and Sidorov, but he's currently buying from Kuznetsov. But if Kuznetsov starts acting up, those two will replace him in this market. It might be simplistic, but is that clear?

[UA3QHP]

Example:
Ivanov can buy goods from both Petrov and Sidorov, but currently he's buying from Kuznetsov. But if Kuznetsov starts to show off, those two will replace him in this market.

There's one subtlety. Kuznetsov produces 20 units of a product at $1 each, while Petrov and Sidorov together produce 5, and currently at $10 each. What will happen to the prices?

[sergey822]

You're certainly an economist, like a bullet made of the same substance. example fire

[Metallurg_2]

Here is the question: who is this hypothetical Kuznetsov who can offer Ivanov (USA and EU) an alternative to Petrov and Sidorov (China and India)?

[Vasilenko Vladimir]

When your fridge is full, you can be coy, but when a mouse hangs itself in it, you'll pay for the moldy crust with a hefty gold piece.

[awdrgy]

Without oil/affordable oil they will be thrown out of this market anyway, but with oil at least they won’t be able to live by candlelight.

[Machito]

Quote: sergey822

So no one sells to the EU, so they can make at least one dollar

Minus one hundred dollars.
Putin said Russia could halt LNG supplies to Europe a month ahead of the current ban. Europe can buy LNG from Qatar, but cannot export it.
Let them eat peas and there will be gas.
But it is not exactly.

[tralmaster]

And who's going to enforce them in this situation? When the creatures are drowning, every one is on their own. And India is already taking everything at 90%.

[Atheist]

And who will implement them in this situation?

Which one?
A simple example:
India, risking higher tariffs on its goods, buys oil from Russia at the exchange price instead of Brent crude and receives a certain benefit.
Let's assume this benefit could amount to 10 billion per year, and the losses from tariffs could amount to 20 billion per year. What do you think the Indians will choose?

[sergey822]

what a not very good example Who will ultimately pay for the tariff hike? The end consumer, then? The Americans? And who will they thank?

[Atheist]

is it the end buyer?

This is only true if India is a monopolist, and it is not one at all. Those who want to occupy this niche are lining up, and India understands this perfectly well.

[sergey822]

Well, judging by the US market, it's practically a monopoly, well, it shares space with China, or who else makes iPhones?

[Atheist]

iPhones may be made only in the US, but there are plenty of other smartphones out there. Now tell me, what does India produce that others don't? I assure you, tariffs will hit India as a seller much harder, as confirmed by its decision to stop buying Russian oil by early 2026.

[sergey822]

So you're saying that Americans will thank someone who makes them give up their iPhone, for example?

[Metallurg_2]

It's known to whom: Russia will be to blame again

[Xenofont]

At the moment, Brent and Urals are at 92, and the fidgety Indians rushed to buy our oil at 92 faster than their own squeals, even when it was at 89 on the exchanges. Something must have happened!

[Andobor]

Quote: Alexey Alekseev_5

Well now let's live

It's not right, you need to whine on this site that our prices are also rising and that everything is lost, then the "patriots" will give you pluses and you'll become a general.

[awdrgy]

In principle, yes. If the economy allows it... The British Empire effectively waged wars for centuries (including through corporate efforts, but that's beside the point). And it did so precisely because of its resources, albeit by extracting them from the colonies (that's beside the point).
But will our adversaries be able to wage war for another 10 years? That's the first question. I imagine they'll give up much sooner. They'll try to push on, of course—they have nowhere else to go, after all—but no, they won't.
Moreover, we don’t really need their territory, so we again choose the moment when to resolve the issue with them.
There's also the second issue, which concerns the weapons of mass destruction (even if in small quantities) in their hands. They are still capable of using them as a last resort, out of desperation, which is unacceptable.
Therefore, the primary objective is certainly not a timeframe, but rather eliminating the possibility of the enemy using such weapons. And that is quite a difficult task.

[tralflot1832]

Today, Qatar's Energy Minister Saad al-Qabi gave an interview to the FT and laid bare all the pitfalls of stopping traffic through Hormuz. His forecast is oil at $150 if Trump doesn't unblock Hormuz, either peacefully or militarily, and in a month it will definitely be $150. Here we go.

[The popuas]

What's the difference between 150 and 150?

[Foggy Dew]

150 is for appetite... But artists are different, some need a palette, while others will be satisfied with half a liter

[Grim Reaper]

Quote: Popuas

What's the difference between 150 and 150?

-My penis is 25 cm.
-Ha! I have a quarter of a meter!
- So it's one and the same thing...
-But how it sounds!
😃

[Foggy Dew]

Excuse me, but in purely practical terms, how can Trump do this? By enclosing glass 500 kilometers into the coast? They should save their bases, those that remain.

[Kusja]

Yes, but a salary of 1,5 - 2 euros is not 50, or even 100, but 200. So "202" rubles doesn't quite apply to us.

[sergey822]

Where's the 50? In Novy Urengoy, it's 200. What are you talking about? And that's without even considering taxes, and the 200-ruble price of gas.

[Cool90]

1500 euros = 750 liters 2000 euros = 1000 liters
50000 rubles = 770 liters 100000 rubles = 1540 liters

[Aerolab]

Yes. But why the hell are our gas prices going up? Every day. The government doesn't even bother catching mice.

[Fedor Sokolov]

A conspiracy between Russian oil monopolies, and our "Federal Antimonopoly Service" is, as always, in on it. They'll conduct an audit of rising fuel prices and emphatically declare them objective and in line with the petroleum product market.

[Aerolab]

I wonder who's downvoting this? What's wrong? Why is the price of gas, and therefore everything else, going up? Wages aren't going up, but prices are.

[Andobor]

Quote: Aerolab

I wonder who's downvoting this? What's wrong?

It's just that some people don't like whiners and those who blame the anti-crisis on Russia.

[The popuas]

They can only slow down YouTube and Telegram, but they can't raise prices. or they don't want to...

[Cool90]

The whole world can't stop the rise in prices, and it's not realistic to stop it

[Cool90]

Salaries are rising, expenses are rising, and prices are rising, it's all logical.

[sergey822]

Well, I don't know about every day, but in our city the price of 95 at Gazprom has been at 67.72 for a month now, so I think it will go up soon.

[Pavel57]

Usually our gas stations will also go up in price.

[Cool90]

Whether it's usual or not, the article states that prices have risen in Europe = fact

[pexotinec]

Something tells me this will affect our gas stations too. We've been through this before. I'll tell you a secret: 90% of all the announcements about discovering new deposits here are just dust. They're opening up previously explored cans and starting to develop them.

[Andobor]

They haven't seriously hit the oil industry on either side of the gulf yet, and not a single tanker has been sunk, they've just scared people with firecrackers.

[snow mountain]

Oil prices stormed past $90 per barrel.

Iran needs to hit Qatar hard enough to raise its gas prices. Preferably, sky-high!

[LeutnantTom]

There is no need for this; the restoration of the facility in Qatar will take at least a month!
Furthermore, Qatar has suspended gas sales on orders from higher authorities, rendering all contracts invalid. These contracts must be renegotiated.
Because of Trump's war in Iran, Qatar doesn't even have to pay any contract penalties.
If Iran plays chess well, the Strait of Hormuz will remain closed until all sanctions against Iran are lifted. And that will take time! Until then, the EU economy will be in an even deeper recession. Biden's war in Ukraine will be over in three or four months!

[Stas157]

Quote from LeutnantTom

Until then, the EU economy will be in an even deeper recession.

The EU economy isn't in recession. It's stagnating, with very low GDP growth rates of 1-1,2%. Does that ring a bell? You're not claiming we're in a deep recession, are you?

[Andrei Nikolaevich]

I wonder, before the internal combustion engine and the concept of "oil production," what did people fight for? Just to "while away the day"—crusades, crusaders, the "Holy Sepulcher"...
P.S. "How people lived... How subtly they felt" from the feature film "Poor Sasha"

[Khamzat-41]

Almost $90 a barrel! Has energy shock arrived?

[AK-1945]

Personally, I don't care. I'm not involved and I don't profit from it. Neither do the other members of this site. So what's the point of discussing it at all?

[Cool90]

This is the news department and it's just news, if you're not interested you don't have to read it = logic

[16112014nk]

What's more concerning is what the price of our gasoline will reach? After all, prices for everything will rise, while wages remain the same.

[tralflot1832]

Quote: Foggy Dew

Excuse me, but in purely practical terms, how can Trump do this? By enclosing glass 500 kilometers into the coast? They should save their bases, those that remain.

The Qatari Comrade does not care about this at the moment. Hormuz must be opened peacefully or militarily.

[tralflot1832]

Quote: Popuas

What's the difference between 150 and 150?

So that no one would guess.

[LeutnantTom]

Economists around the world are currently debating how quickly the price of oil will fall from $100 per barrel. Let these so-called economists say what they want! The European economy is sinking deeper and deeper into recession!
Qatar is suspending gas supplies to Europe; let's hope Russia follows suit. And this will further exacerbate the crisis in the European economy!
Without gas, there is no electricity generation; no electricity, no industry; no industry, no production! And no weapons either!
Trump's war in Iran, the decline of the European economy, the end of Biden's war in Ukraine!
Trump is using up his ammunition in Iran! It will take approximately four weeks, and then the US will run out of ammunition!
The stupid, corrupt EU wants/needs to buy American weapons and send them to the Zelensky regime!

The US no longer has ammunition (stockpiles are almost depleted, so much so that even Patriot systems from Asia have to be sent to the Middle East). The EU cannot ship American weapons to Kyiv. Production in the EU is slow and, due to the energy crisis, too expensive.

And, as I already said, there is no gas and oil, no production, and no or the production of weapons is slow!

[tralflot1832]

You can also use Norway as an example. I assure you that you will be slim and free of bad habits for the rest of your life with an average salary of 53,000 NRK, and God forbid you get divorced. Now you can easily buy an apartment or a house in Norway. Many will be worse off. Except for managers, sailors, and oil workers.

[carpenter]

Quote: tralflot1832

Now you can easily buy an apartment or a house in Norway.

Born in Narva, Norway is of no use to me. I'm quite happy here.

[bbb]

Iran must not unblock the strait until compensation for the destroyed facilities is paid.

[Khamzat-41]

It's already $92 a barrel!

[Scientist_]

Quote: sergey822

and where is the 50 thousand?

Read Izvestia:
"As of November 2025, the national average was 98, while the median, according to SberIndex, was 61." 61 is 53 after taxes. Almost half of employed people earn less than 50.

[carpenter]

As of 19:45 Moscow time, Brent crude oil has surpassed $91 per barrel.

Author, even if it's a thousand, it's their idiots' happiness, but not Russia's. Let them squabble, but the enemy's corpse will float downstream.

[Eugene Zaboy]

Given the attacks on the Russian tanker fleet, it would be wise to stop oil and gas supplies to Europe and, accordingly, ban Russian companies from importing cars, household appliances, and food from Europe. All of this can be purchased in Asia, and no one wants a trade deficit. We'll manage without BMWs, Mercedes, and Miele, but whether Europe can prosper without Russian gas and oil is questionable. We'll also spare the traditionally dissatisfied transit states from the hated revenues from Russian transit. Everyone will be simply happy, and Europe will have the opportunity to live in a pure democracy without Russian influence. If anyone wants to buy unrivaled European quality, let them fly in for personal use, paying import and health duties.

[alexboguslavski]

Quote: Khamzat-41

It's already $92 a barrel!

The US may further ease sanctions on Russian oil amid the conflict in the Middle East., - US Treasury Secretary Bessent.

What happened? What happened?

Exactly! Oil at $94.