EnergyNotableConfirmed
7.2
Russia's Economy Ministry forecasts Urals at $53/bbl in 2027, declining to $51 by 2029
InterfaxLO·RU·about 4 hours ago
Russia's Ministry of Economic Development sharply downgraded its 2026 fixed-capital investment forecast to a 5.4% decline from 1.5% in May, signaling deepening economic contraction. The revision reflects sustained capital flight and sanctions pressure, though the ministry did not specify drivers. This is a notable deterioration in official growth expectations, implying further strain on the Russian economy.