Podcasts about oil prices

Global oil markets are no longer just about supply and demand—they are reshaping geopolitics in real time. In this episode of the STRAT podcast, retired Marine Intelligence Officer LtCol. Hal Kempfer breaks down how oil pricing and access are being used as strategic tools with far-reaching consequences. From pressure on Russia's war economy to Iran's vulnerability around the Strait of Hormuz, the ripple effects are global. The discussion explores how sanctions, tariffs, tanker seizures, and discounted crude are squeezing Russia's revenues, pushing Cuba toward a full-blown energy crisis, and placing China in an increasingly precarious position due to its dependence on cheap oil from sanctioned states. Kempfer also explains key oil benchmarks like Brent and WTI, the importance of U.S. shale production, and why today's environment differs fundamentally from past oil shocks. The result is a sober look at how energy strategy is quietly reshaping alliances, economies, and global stability.Takeaways:Oil prices are being actively shaped by U.S.-led strategyBrent and WTI benchmarks reveal critical geopolitical signalsRussia's oil revenues are collapsing under sanctions pressureTanker seizures are disrupting sanctioned oil supply chainsThe Strait of Hormuz remains a major global choke pointCuba faces an unprecedented fuel collapse and instabilityChina's reliance on discounted crude is becoming a liabilityEnergy pressure may accelerate regime change scenarios#STRATPodcast #HalKempfer #MutualBroadcastingSystem #StrategicRiskAnalysis #GlobalEnergy #OilMarkets #Geopolitics #EnergySecurity #RussiaUkraine #IranOil #ChinaEnergy #CubaCrisis #SanctionsPolicy #OilPrices #StrategicCompetition #NationalSecurity #EconomicWarfare #EnergyGeopolitics #GlobalStability #RiskAssessment

Wolfgang and Jack are joined by: Rob Young, MBA - Managing Director, Head of Canadian Research at Canaccord Genuity

Adam Taggart explains why stocks may be topping, gold and silver are flashing mania signals, and volatility is set to rise as capital rotates and election pressures build. Recorded at VRIC Vancouver.---------------------Thank you to our sponsor: First Majestic SilverMake sure to pay them a visit: https://www.firstmajestic.com/---------------------

Join OANDA Senior Market Analysts & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. The content produced on this site is for general information purposes only and should not be construed to be advice, invitation, inducement, offer, recommendation or solicitation for investment or disinvestment in any financial instrument. Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, please access the RSS feed or contact us at info@marketpulse.com. © 2023 OANDA Business Information & Services Inc

Peter and Jeff share how oil is priced into everything we do, discussing the factors influencing cost, what the political interest is and who the winners and losers are when prices are volatile. Plus, learn why you should consider maintaining insurance outside your workplace.Hosted by Creative Planning's Director of Financial Planning, Jeff Stolper, and President, Peter Mallouk, this podcast takes a closer look into topics that affect investors. Included are in-depth discussions on financial planning issues, the economy and the markets. Plus, you won't want to miss each of their monthly tips!Important Legal Disclosure: creativeplanning.com/important-disclosure-information/Have questions or topic suggestions? Email us @ podcasts@creativeplanning.com

Season 6, Episode 3: Welcome back to a new episode of Keeping it Real with Dr. Kuehl. ASA Chief Economist Dr. Chris Kuehl is out this week so Keith Prather: Dr. Kuehl's partner at Armada; talks to members about the volatility with oil and oil prices.ASA Chief Economist Dr. Chris Kuehl is out this week, but we are still back with a special economic update podcast hosted by Keith Prather: Managing Director at Armada Corporate Intelligence. In Season 6, Episode 3 (6:45 in length), Keith talks about the forecast for oil prices and how the winter storm came into play.What are we seeing overall per barrel?Oil prices surge to multi-month highs—what's behind the spike?Middle East vs. Venezuela — what's behind the jump in oil prices?Production being pulled back, are we producing a record amount of oil still?What happens on a geopolitical bases?What will encourage brand new production?Ukraine - is a cease fire agreement in the works?Will this allow more Russian oil to flow on the open market?EIA forecast - what are the projections?2026 through Q4 - what are the predictions of price per barrel?Ask Dr. Kuehl a Question!Have a question or topic for Chris Kuehl that you would like answered on this podcast? Email it to Brianna Dovichi at bdovichi@asa.net.

You can't buy this kind of entertainment. When President Trump throws out a mean Truth Social post, he can move the markets, but when an Aircraft Carrier Strike group shows up near Iran and Iraq, the oil traders panic. It is quite possible that the Glut Narative may just roll off into the sunset, as Stu Turley has said on the podcast "Where's the Glut?" much like the "Where's the Beef" Wendy's commercial. We are seeing a commodities Supercycle surge, and did oil just make it to the Commodities Homecoming Dance? We cover critical investing and issues that will impact consumers in the oil and gas markets. The main topics discussed in this Energy News Beat Stand-UP are:1. Geopolitical tensions and their impact on oil prices:  - President Trump's threats of military action against Iran and the resulting spike in Brent crude oil prices  - Concerns about potential supply disruptions from Iran and Iraq, which could further impact oil markets2. Declining oil and gas exploration and investment:  - The plunge in global conventional oil and gas discovery volumes in recent years  - The decline in overall oil and gas capital expenditures, focused on short-cycle, low-cost projects  - The high percentage of production coming from post-peak oil and gas fields raising concerns about future supply3. The changing dynamics in the oil and gas industry:  - The dichotomy between "drill, baby, drill" and "grow, baby, grow" approaches to production  - The role of refinery demand in determining the pricing and trading of different crude oil grades  - Saudi Aramco's efforts to change how OPEC monitors and prices oil, moving towards a more refinery-driven model4. Potential mergers and acquisitions in the sector:  - The ongoing discussions around a potential merger between Coterra Energy and Devon Energy  - The involvement of activist investor Kimmeridge in pushing for this merger, including the potential nomination of Scott Sheffield to Coterra's board5. Performance and outlook for oil and gas companies:  - The strong stock price performance of major oil companies like ExxonMobil and Chevron  - The potential opportunities in the mining and gold/silver sectors as a hedge against oil and gas market volatilityStories Covered in today's Energy News Beat Stand-Up1.Brent Breaks $70 After Trump Threatens Iran With Military Force2.Oil Options on Longest Bullish Run Since 2024 as Iran Risk Looms3.Oil Exploration Drastically Lagging Demand – We are approaching a critical junction of lack of investment4.Trinidad & Tobago: The $4 Billion Nat Gas Play5.Gas Turbines Suffer Economic Hardships Due to Stress Placed on Them by Wind and Solar6.Saudi Aramco Raises $4 Billion as Oil Prices Remain Under the Oil Glut ThreatA shout-out to Reese Energy Consulting for sponsoring the Podcast: https://reeseenergyconsulting.com/Check out: theenergynewsbeat.substack.com,Get your CEO on the podcast: https://sandstoneassetmgmt.com/media/Is oil and gas right for your portfolio? https://sandstoneassetmgmt.com/invest-in-oil-and-gas/

1. Oil Prices & National Security Lower global oil prices weaken hostile regimes like Iran, Russia, and Venezuela by reducing their revenue. The Trump administration aims for a “sweet spot” oil price ($60–$70/barrel): Low enough to hurt adversaries. High enough to avoid bankrupting U.S. independent oil producers. If prices drop into the $40s, it could collapse small oil producers in Texas and the Permian Basin. 2. Venezuela’s Oil Infrastructure Venezuela has the world’s largest proven oil reserves, but decades of mismanagement have destroyed its infrastructure. Estimates from oil executives: Increasing production from 1 million to 3 million barrels/day could take 10 years and require $100B+ in investment. Even going from 1 million to 2 million/day would take 5–7 years. Gulf Coast refineries can process Venezuela’s heavy sour crude, but expanded imports would mostly affect Canada and Mexico, not U.S. light-sweet crude producers. 3. Cuba’s Economic Crisis Cuba historically survived on financial support from: The Soviet Union (until its collapse). Venezuela under Chávez/Maduro (oil and money). With Venezuela no longer able to support Cuba, the island is in economic freefall. Mexico is currently providing oil that helps sustain the Cuban regime. The Trump administration may pressure Mexico to cut this supply, potentially pushing Cuba toward political collapse. 4. Jack Smith & January 6th Investigation Smith is accused of leading a politically motivated prosecution against Donald Trump. He allegedly relied on questionable or disproven testimony, notably from Cassidy Hutchinson. Hutchinson’s dramatic claims (e.g., Trump lunging for a steering wheel) were not confirmed by eyewitnesses. Jim Jordan challenged Smith in hearings, accusing him of: Using unreliable witnesses. Conducting a partisan, anti-Trump investigation. Targeting large numbers of Republicans with subpoenas. 5. Crime Statistics & Trump Administration Policies Nationwide murder rates reportedly declined ~20% from 2024 to 2025. Approx. 1,400 fewer murders. Major cities showing decreases: Chicago: 30% NYC: 20% Baltimore: 31% Oakland: 33% Washington, D.C.: 31% (after National Guard deployment) Other violent crimes also declined: Motor vehicle theft: ↓25% Robbery: ↓18% Aggravated assault: ↓8% Law enforcement stats cited: Violent crime arrests: ↑100% Gangs disrupted: ↑210% Fentanyl seized: ↑31% Missing/abducted children located: ↑22% Human traffickers arrested: ↑15% Significant increase in arrests of espionage suspects and fugitives. Please Hit Subscribe to this podcast Right Now. Also Please Subscribe to the 47 Morning Update with Ben Ferguson and The Ben Ferguson Show Podcast Wherever You get You're Podcasts. And don't forget to follow the show on Social Media so you never miss a moment! Thanks for Listening YouTube: https://www.youtube.com/@VerdictwithTedCruz/ Facebook: https://www.facebook.com/verdictwithtedcruz X: https://x.com/tedcruz X: https://x.com/benfergusonshowYouTube: https://www.youtube.com/@VerdictwithTedCruzSee omnystudio.com/listener for privacy information.

Matt Marshall - President of AEGIS CTA comes back onto the podcast to unpack the hornets nest that is Global Geopolitics and how everything is affecting oil & gas strip and futures. Throughout the episode, Matt opines on Venezuela, OPEC, Iran, China, Russia, Data Centers, and much much more.**Disclaimer: This podcast is meant for informational purposes only and does not constitute investment advice. Please note that commodity interest trading involves risk and may not be suitable for all participants. Past performance does not guarantee future results, and AEGIS does not offer or manage trading programs or direct individual commodity interest accounts. To see their full disclaimer, please visit www.aegis-hedging.com. A big thanks to our 3 Minerals & Royalties Podcast Sponsors:--Tracts: If you are interested in learning more about Tracts title related services and software, then please call 281-892-2096 or visit https://tracts.co/ to learn more.--Riverbend Energy Group: If you are interested in discussing the sale of your Minerals and/or NonOp interests w/ Riverbend, then please visit www.riverbendenergygroup.com for moreinformation--Farmers National Company: For more information onFarmer's land management services, please visit www.fncenergy.com oremail energy@farmersnational.com

Wie viel Welt steckt in deinem Geld? Was wie eine große Frage klingt, betrifft jeden Moment deines Alltags. Denn wenn Ölpreise oder geopolitische Entscheidungen über Venezuela und Grönland die Schlagzeilen dominieren, spürst du das daran, - wie viel dein Wocheneinkauf kostet. - ob der Strompreis steigt oder fällt. - wie sich dein ETF entwickelt. In dieser Folge von How I Met My Money fragen Lena Kronenbürger & Ingo Schröder: Warum sind globale Ressourcenfragen immer auch persönliche? Und wie stark beeinflusst das Weltgeschehen, was wir zahlen, kaufen und investieren? Eine Einladung, dein Geld als Teil eines größeren Ganzen zu verstehen und bewusst zu gestalten.

Why Oil Prices May Stay Low In 2026 and what it means for India is a question shaping business decisions, policy debates, and household economics across the country.In this India Energy Week 2026 special episode of The Core Report, Govindraj Ethiraj speaks with Atanu Mukherjee, CEO Dastur Energy to break down the global energy outlook for 2026, why oil supply is likely to stay ahead of demand, and how a lower crude oil price regime could impact India. From Brent crude price expectations in the 50 to 60 dollar range to changing oil flows, this conversation explains why oil prices may remain soft and what that really means for inflation, growth, and energy security.The discussion explores how oversupply in global oil markets, OPEC's evolving role, and limited volatility are reshaping energy markets in 2026. It also looks closely at India's oil imports, including Russian oil and Venezuela as a longer-term option, and why India's refining capacity and petrochemicals strategy are becoming more important as fuel demand patterns change.Beyond oil, this episode examines LNG prices, global gas supply expansion, and why natural gas remains critical for India despite price sensitivity and import dependence. You will also hear why renewables alone may not be enough, how gas and coal-based solutions could support reliable power, and why energy affordability is becoming as important as clean energy goals.A key theme in this conversation is the rising energy demand from AI, data centres, and hyperscalers. As artificial intelligence expands, India's power infrastructure, grid integration, and energy mix will play a decisive role in determining how fast the digital economy can grow. The episode connects global energy trends with India's economic and technological future in a clear, grounded way.If you are tracking oil prices in 2026, India's energy strategy, LNG markets, geopolitics, or the intersection of energy and AI, this conversation offers valuable context and long-term perspective for professionals in finance, consulting, manufacturing, and policy.Understanding why oil prices may stay low in 2026 is not just about forecasting markets. It is about understanding how energy shapes India's competitiveness, resilience, and growth in a rapidly changing world. Stay with The Core Report for deeper conversations that cut through noise and help you make sense of what comes next.#OilPrices2026 #IndiaEnergy #CrudeOil #EnergyMarkets #IndiaEnergyWeek2026 #TheCoreReport #TheCoreJoin The Core Insider to get access to perks:https://www.youtube.com/channel/UCzXJw6XkwZulY4nigdtvs4Q/joinListeners! We await your feedback: https://tinyurl.com/TCR-Listener-SurveyThe Core & The Core Report is ad supported & FREE for all readers & listeners. Write in to shiva@thecore.in for sponsorships & brand studio requirements.For more of our coverage check out thecore.in (https://www.thecore.in/)Support the Core Report (https://tinyurl.com/Support-the-Core-Report)Join & Interact anonymously on our WhatsApp channel (https://tinyurl.com/The-Core-WhatsApp-Channel) Subscribe to our Newsletter (https://www.thecore.in/newsletters/thecorenewsletter)

Segment 1: Craig Bolanos, Founder and Wealth Advisor at VestGen Wealth Partners, joins John Williams to explain why he believes 2026 will be a good year for the market, the attacks on Fed independence, the streak of positive economic data, the importance of a diversified portfolio, and what he’s telling his clients right now. Segment 2: Carl […]

Semiconductor stocks stole the spotlight yesterday as record results from Taiwan Semiconductor Manufacturing Company reignited the AI trade across Europe, Wall Street, and Asia. Meanwhile, Germany recorded the first year of annual economic growth since 2022, while strong US data shifted expectations for Federal Reserve policy. Oil prices tumbled after President Trump signalled a pause in threats of military action against Iran, and gold extended losses as geopolitical tensions eased. Currency markets saw the yen strengthen on hints of possible intervention and speculation about an earlier Bank of Japan rate hike. Today's episode features Tim Gagie, Head of FX Advisory in Geneva, who shares his insights on silver, the yen, and the US dollar.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:24) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (06:34) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva (10:43) - Closing remarks: Helen Freer, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

MacroVoices Erik Townsend & Patrick Ceresna welcome, Rory Johnston. They will discuss all things crude oil, starting with the Venezuela news and what it means for markets, then moving on to Iran, the U.S. Strategic Petroleum Reserve, and much more https://bit.ly/4qnVjQs    

Plunging Russian Oil Prices and the Impact of Global Sanctions. Guest: MICHAEL BERNSTAM. Russian oil prices are dropping significantly, with some major brands selling between $34 and $35 per barrel. Western sanctions and global supply gluts allow buyers like China and India to extract massive discounts. Future stability in Iran could further increase competition, driving Russian revenues and taxes even lower.1903 SANTA BARBARA

Wall Street is strengthening as tech stocks bounce back.

Markets bounce back.

Join OANDA Senior Market Analysts & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. The content produced on this site is for general information purposes only and should not be construed to be advice, invitation, inducement, offer, recommendation or solicitation for investment or disinvestment in any financial instrument. Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, please access the RSS feed or contact us at info@marketpulse.com. © 2023 OANDA Business Information & Services Inc

Oil prices are shaped as much by politics as by supply and demand, and so events thousands of kilometres away can still hit close to home. In recent weeks, renewed action by U.S. president Donald Trump against Venezuela has once again put the country's vast oil reserves at the centre of global attention.While Ireland doesn't buy Venezuelan oil directly, moves in Washington can still ripple through European energy markets, influencing prices, volatility and fuel costs. So how could political decisions in the United States affect what drivers, households and businesses here in Ireland end up paying?CEO of Henderson Risk Group, Duncan Bullivant joined Pat Kenny on the show to discuss.

Everyone's talking about Venezuela oil and global oil prices - but what does it really mean for investors in 2026?Venezuela has the world's largest proven oil reserves, but output remains low due to sanctions, underinvestment, and outdated infrastructure. In this episode, Ellis, Bob & Ben cut through the headlines to explain the real impact of Venezuela on the global oil market.Discover: • Why Venezuela's oil won't move prices in the short term • Hidden forces shaping global oil supply • How Russia, Iran, and other key players could influence markets • What the headlines got right — and what they missedHave more questions, or want more resources like a tax calculator? Go to investlikeabillionaire.org to learn more about our community. Check out Ben & Bob's company and invest along at https://aspenfunds.us/

The stock market of 2025 often felt like different movies playing on adjacent screens. On one, the broader market surged. On the other, economically sensitive sectors such as oil and gas stocks slid into the background. Today, we examine the performance of the 35 public E&Ps we cover.

There are wild changes in the oil and gas markets right now. Michael Tanner and Stu Turley cover the Iranian Revolution, key points about Venezuela, and the shift in markets following the US decision to allow the sale of Venezuelan oil on the open market. This has a second-order effect on the U.S. Dollar: the control of the oil markets and the question of whether China will buy oil from the US at market prices rather than the old Dark Fleet-reduced prices.Don't forget that Energy Security starts at home, but Energy Dominance comes from Exports. And now, Energy Dominance can come from controlling export markets. We have to wonder how OPEC and OPEC+ will respond as we are facing some of the most significant changes in the oil and gas markets we have seen in decades.1. The potential impact of the ongoing revolution in Iran on global oil markets and prices. The hosts discuss how a disruption in Iran's oil exports could lead to a spike in oil prices, potentially up to $80 per barrel in the short term.2. The executive order signed by President Trump to safeguard Venezuela's oil revenues for the benefit of the U.S. and Venezuela. The hosts discuss the key provisions of the order and the reactions from oil executives.3. China's evolving oil and gas production and import trends, and how this could impact global energy markets, particularly with the upcoming Siberia 2 pipeline that will supply more Russian gas to China.4. The potential political implications of high energy prices in the U.S. and how this could impact the upcoming midterm elections, with the hosts discussing a report on how Republican policies could be more favorable for energy affordability.1.How Will a Revolution in Iran Impact the Global Oil Markets? Could Iraq potentially also be an influence?2.President Trump Signs Executive Order on Venezuelan Oil: Safeguarding Revenues for American and Venezuelan Benefit3.Don't Count the U.S. Dollar Out Yet: Venezuela Was the Key4.China's Oil and Gas Drilling Program Improvements Are Now Capable of Impacting Markets5.DAVID BLACKMON: New Study Shows How GOP Can Win On Affordability Issue6: 2026 Rig Count Starts Out on a Down NoteCheck out The Energy News Beat Substack: https://theenergynewsbeat.substack.com/Time Stamps:00:19 Iran's revolution02:33 Michael disagrees with the impact on oil04:15 Venezuela and the impact on the oil markets11:46 Key Market insights with the US Dollar being traded14:56 China's internal oil and gas production18:12 Energy Security starts at home

In this episode, Karl Eggerss breaks down the key economic and market developments shaping early 2026. He covers the sharp moves in the Venezuelan stock market, the renewed strength in energy stocks, and how recent federal policies under President Trump may influence housing affordability. Karl also examines the latest sector rotation in the stock market and explores whether the shift has staying power. To wrap up the episode, he shares a personal story about meeting Warren Buffett as the legendary investor retired at the end of the year. Show Topics 01:34 Market Movements and News Events 02:01 Venezuelan Stocks and Oil Prices 04:26 Housing Market and Government Policies 07:14 Market Update 11:07 Asset Allocation and Financial Planning 15:17 Personal Anecdote: Meeting Warren Buffett 17:48 Conclusion

RUSSIA'S OIL CRISIS AND REGIONAL DEFICITS Colleague Michael Bernstam, Hoover Institution. Russiafaces a financial crisis as oil prices drop below $60 per barrel. Michael Bernstam explains that increased global supply forces Russia to sell at deep discounts to China and India, often below cost. This revenue loss prevents the Kremlinfrom paying soldiers, sparking severe regional budget deficits. NUMBER 141906 BAKU

This special episode analyzes the United States' intervention in Venezuela on January 3, 2026, and explores its broader implications for Canada and the Canadian oil sector. Peter and Jackie open with a discussion of the geopolitical backdrop and the range of narratives circulating about the U.S. motivations for seizing and arresting Venezuelan President Nicolás Maduro and his wife, including efforts to curb drug trafficking and illegal migration, and to counter the growing influence of China, Russia, and terrorist groups in the country. They also reference the U.S. National Security Strategy released in November 2025, which calls for a Western Hemisphere free from hostile foreign control and signals renewed enforcement of a “Trump Corollary” to the Monroe Doctrine. The Monroe Doctrine is a foundational principle of U.S. foreign policy, first announced in 1823, that set out the United States' view of the Western Hemisphere.  General principles at the time held that European powers should no longer interfere in the Americas and that the Western Hemisphere was now the U.S. sphere of influence. Peter and Jackie then turn to the oil market implications for Canadian oil. If sanctions on Venezuela were eased, increased Venezuelan heavy oil exports to the U.S. could intensify competition for Canadian oil on the U.S. Gulf Coast, which accounts for about 10% of Canada's crude oil exports. The exports to Canada's largest market, the U.S. Midwest, which makes up 70% of all exports, are more insulated. The discussion concludes with an assessment of potential Venezuelan production scenarios, including the possibility of declining output, a pattern that has frequently followed similar government changes in the past. They conclude that, in any scenario, a clear takeaway for Canada is that building additional West Coast pipelines is critical. Diversifying export markets, strengthening economic resilience, and improving national sovereignty and autonomy are imperatives for Canada.Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify 

Daniel Turner, Power the Future, On Gas and Oil Prices After Venezuela Attack | 1-6-26See omnystudio.com/listener for privacy information.

Wall Street responded positively Monday to weekend U.S. strikes on Venezuela. Focus could stay on developments there and in oil today before jobs data start rolling in tomorrow.Important DisclosuresThis material is intended for general informational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request.Past performance is no guarantee of future results.Diversification and rebalancing strategies do not ensure a profit and do not protect against losses in declining markets.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.Investing involves risk, including loss of principal, and for some products and strategies, loss of more than your initial investment.Digital currencies [such as bitcoin] are highly volatile and not backed by any central bank or government. Digital currencies lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have. Due to the high level of risk, investors should view digital currencies as a purely speculative instrument.Cryptocurrency-related products carry a substantial level of risk and are not suitable for all investors. Investments in cryptocurrencies are relatively new, highly speculative, and may be subject to extreme price volatility, illiquidity, and increased risk of loss, including your entire investment in the fund. Spot markets on which cryptocurrencies trade are relatively new and largely unregulated, and therefore, may be more exposed to fraud and security breaches than established, regulated exchanges for other financial assets or instruments. Some cryptocurrency-related products use futures contracts to attempt to duplicate the performance of an investment in cryptocurrency, which may result in unpredictable pricing, higher transaction costs, and performance that fails to track the price of the reference cryptocurrency as intended. Please read more about risks of trading cryptocurrency futures here.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.Apple Podcasts and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries.Google Podcasts and the Google Podcasts logo are trademarks of Google LLC.Spotify and the Spotify logo are registered trademarks of Spotify AB.(0131-0126) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Join OANDA Senior Market Analysts & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. The content produced on this site is for general information purposes only and should not be construed to be advice, invitation, inducement, offer, recommendation or solicitation for investment or disinvestment in any financial instrument. Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, please access the RSS feed or contact us at info@marketpulse.com. © 2023 OANDA Business Information & Services Inc

05 Jan 2025. US President Donald Trump says US oil companies could invest billions in Venezuela. What would American big oil returning to Venezuela mean for global supply, oil prices, and the UAE? We ask energy expert Robin Mills. Plus, we get a Business Breakfast first look at a new global index ranking the world’s most start-up-ready cities with Multipolitan CEO Nirbhay Handa. And BYD is now the world’s biggest EV maker, we checked the appetite for electric cars in the UAE with Craig Stevens of dubicars.See omnystudio.com/listener for privacy information.

Johann Els – Chief Economist, PSG Financial Services SAfm Market Update - Podcasts and live stream

Ellen Wald examines the forces shaping the energy market in 2026. If oil prices fall below $60, she thinks OPEC+ could try to enforce supply cuts to push prices higher. China demand, U.S. oil sanctions, and shale producers complicate the picture as well. She thinks supply worries are “not justified.” She argues that the U.S. blockade of Venezuelan oil could push prices down even further, especially if the U.S. seizes supply.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Your 60-second money minute. Today's topic: Oil Prices And Inflation Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

X: @JCats2013 @ileaderssummit @americasrt1776 @NatashaSrdoc @JoelAnandUSA @supertalk @JTitMVirginia Join America's Roundtable (https://americasrt.com/) radio co-hosts Natasha Srdoc and Joel Anand Samy with John Catsimatidis, a leading national business figure and senior lay leader in the Greek Orthodox Church community. John Catsimatidis is the Chairman and CEO, The Red Apple Group and Owner of the Iconic 77 WABC Radio in New York City. The Red Apple Group is a conglomerate that owns and operates assets in the energy, real estate, finance, insurance, and supermarket industries. 77 WABC Radio is heard in 50 states and 173 countries. John is the author of Wall Street Journal Bestseller and Publishers Weekly Bestseller — “How Far Do You Want to Go: Lessons from a Common-Sense Billionaire.” As a leading American entrepreneur, John Catsimatidis will provide insights into the state of the US economy as inflation drops, nationwide gas prices fall under $2.80 per gallon and rent prices coming down. John will explain how free market principles applied by House Republicans in Congress with President Trump's "The One, Big, Beautiful Bill" will cut taxes for Americans earning under $50,000 by 14.9%. John will also highlight the benefits for 4 million tipped workers like waitresses, barbers, hairstylists, and taxi drivers who will not pay taxes on tips. For those working overtime - once again, this group of hard-working Americans will not be taxed on overtime. A major savings and great benefit for senior citizens who will not have to pay taxes on social security. Natasha Srdoc and John Catsimatidis discuss key economic data of economic growth rates and how changes at the Federal Reserve Bank may usher in an era of lower interest rates that will further help working families. Joel Anand and John Catsimatidis discuss the major fraud and money laundering unveiled in Minnesota with federal taxpayer funds abused. According to published reports: "A Minnesota safety net program was so easy to scam, it attracted tourists, Assistant U.S. Attorney Joe Thompson said Thursday. The extent of fraud in Minnesota human services programs — which has become infamous across the country — is even higher than the public knew. Providers in 14 “high-risk,” state-run Medicaid programs being audited by the state have billed $18 billion since 2018, and “half or more” is possibly fraudulent, Thompson said." The conversation on America's Roundtable will also focus on the horrific terrorist attack in Sydney, Australia, with 15 innocent civilians murdered and over 40 injured as the Jewish community gathered for the first day of Hanukkah. The brazen manifestation of anti-Semitism in the West, including America is brought to the forefront. The concerns of the waves of socialism battering America will be highlighted as the Democratic Party becomes more influenced by the Democratic Socialist Party's agenda which pushes communism and socialism, dangerous ideologies that have failed and left billions of people around the world in poverty. The conversation will also bring to the forefront economic forecasts for 2026 and what Americans can expect in the New Year. americasrt.com (https://americasrt.com/) https://ileaderssummit.org/ | https://jerusalemleaderssummit.com/ America's Roundtable on Apple Podcasts: https://podcasts.apple.com/us/podcast/americas-roundtable/id1518878472 X: @JCats2013 @ileaderssummit @americasrt1776 @NatashaSrdoc @JoelAnandUSA @supertalk @JTitMVirginia America's Roundtable is co-hosted by Natasha Srdoc and Joel Anand Samy, co-founders of International Leaders Summit and the Jerusalem Leaders Summit. America's Roundtable (https://americasrt.com/) radio program focuses on America's economy, healthcare reform, rule of law, security and trade, and its strategic partnership with rule of law nations around the world. The radio program features high-ranking US administration officials, cabinet members, members of Congress, state government officials, distinguished diplomats, business and media leaders and influential thinkers from around the world. Tune into America's Roundtable Radio program from Washington, DC via live streaming on Saturday mornings via 68 radio stations at 7:30 A.M. (ET) on Lanser Broadcasting Corporation covering the Michigan and the Midwest market, and at 7:30 A.M. (CT) on SuperTalk Mississippi — SuperTalk.FM reaching listeners in every county within the State of Mississippi, and neighboring states in the South including Alabama, Arkansas, Louisiana and Tennessee. Tune into WTON in Central Virginia on Sunday mornings at 9:30 A.M. (ET). Listen to America's Roundtable on digital platforms including Apple Podcasts, Spotify, Amazon, Google and other key online platforms. Listen live, Saturdays at 7:30 A.M. (CT) on SuperTalk | https://www.supertalk.fm

Ken Rosato fills in for Mark Simone. Some California wildfire responses have faced criticism after claims that access restrictions in certain protected areas were due to liberals' limited early firefighting efforts, though these allegations are still under review, and officials cite weather and dry conditions as key factors in the fires' spread. President Trump signed an executive order making Dec. 24 and Dec. 26 federal closure days for 2025, giving federal workers additional time off around Christmas without permanently changing the holiday calendar. Crude oil prices have dropped to under $55 a barrel. Gas has fallen below $3.00 in most parts of the country. Gas prices falling could help the consumer save more money in the future.  Ken Rosato fills in for Mark Simone. Recent developments in the Brown University shooting indicate that Claudio Manuel Neves Valente killed an MIT professor before dying by suicide. President Trump has filed a $10 billion lawsuit against the BBC, alleging that the network edited two separate portions of his January 6th, 2021, speech in which he was accused of inciting the attack on the Capitol building. Ken interviews digital strategist Fisher. He dives deep into the best tech gadgets to gift or treat yourself. They discuss the highly anticipated Nintendo Switch 2, highlighting its features and why it tops many wish lists this year. Plus, they spotlight the Mario Kart bundle as a standout choice for gamers of all ages. Whether you're shopping for friends, family, or yourself, this episode has tech recommendations you won't want to miss!

Ken Rosato fills in for Mark Simone. Some California wildfire responses have faced criticism after claims that access restrictions in certain protected areas were due to liberals' limited early firefighting efforts, though these allegations are still under review, and officials cite weather and dry conditions as key factors in the fires' spread. President Trump signed an executive order making Dec. 24 and Dec. 26 federal closure days for 2025, giving federal workers additional time off around Christmas without permanently changing the holiday calendar. Crude oil prices have dropped to under $55 a barrel. Gas has fallen below $3.00 in most parts of the country. Gas prices falling could help the consumer save more money in the future.  Ken Rosato fills in for Mark Simone. Recent developments in the Brown University shooting indicate that Claudio Manuel Neves Valente killed an MIT professor before dying by suicide. President Trump has filed a $10 billion lawsuit against the BBC, alleging that the network edited two separate portions of his January 6th, 2021, speech in which he was accused of inciting the attack on the Capitol building. Ken interviews digital strategist Fisher. He dives deep into the best tech gadgets to gift or treat yourself. They discuss the highly anticipated Nintendo Switch 2, highlighting its features and why it tops many wish lists this year. Plus, they spotlight the Mario Kart bundle as a standout choice for gamers of all ages. Whether you're shopping for friends, family, or yourself, this episode has tech recommendations you won't want to miss!See omnystudio.com/listener for privacy information.

PREVIEW Guest: Michael Bernstam Summary: Michael Bernstam analyzes declining oil prices, noting a global glut that has pushed prices under $60 per barrel. He explains that because Russia loses roughly $2.7 billion for every $10 price drop and sells at a deep discount, current revenues are insufficient to sustain its budget or war effort. 1914

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Recorded December 16th, 2025 https://youtu.be/degkp8Ba9OA Episode 147 of the PetroNerds podcast is a PetroNerdy Christmas special.  Trisha Curtis, CEO of PetroNerds and host of the PetroNerds podcast is joined by Jason Isaac, Founder of the American Energy Institute.  Trisha and Jason cover the world, from US electricity and coal to Venezuela to Russia and Ukraine.  Trisha talks about the economy and the sell off in oil prices and natural gas prices being overdone and the geopolitical realities still in the market, including the US seizing Venezuelan crude tankers and the ongoing Russian war in Ukraine.  Jason and Trisha talk about the economy, unemployment rising to 4.6 percent, the labor market, the Paris Climate Accords, and Ford's announcement to write down EVs and focus on hybrid and more affordable pickups.  Trisha talks about China and the coal fired power generation in China and how exactly this stacks up to US power generation.  Trisha and Jason spend time talking about rising electricity prices, Californians being behind on their electric bills, aggressive green policies in states which has led to rising electricity prices, and the need for education and policy changes in power generation.  Trisha wants coal for Christmas.  She wants coal in her stocking and more coal fired power generation in the grid, not less.  She talks about natural gas production, natural gas prices, and rising LNG exports.  Trisha and Jason talk about the energy policies of the Trump Administration and the work Chris Wright is doing, his "I love coal" comments at the newly renamed National Laboratory of the Rockies (formerly National Renewable Energy Laboratory).  Trisha Curtis is the American Energy Institute's economist.  Her article in Daily Signal on "Rising Electricity Prices Started Well Before AI" can be found here: https://www.dailysignal.com/2025/11/18/rising-electricity-prices-started-well-before-ai/. And Trisha's latest interview on Steve Gruber's Real America's Voice can be found here: https://rumble.com/v731tow-trisha-curtis-pipelines-lng-and-americas-power-bills.html and https://www.youtube.com/watch?v=i6il0x4zwJ4.

Wall Street is holding steady as oil prices rise.

Crude benchmarks were rising on Wednesday after US President Donald Trump said the US would put a stop to any traffic of sanctioned oil tankers in and out of Venezuela. The country's oil revenue is a lifeline for the Maduro government, which now mainly sells its barrels to China. Also in this edition: Warner Bros. Discovery is reportedly telling its shareholders to reject a takeover bid from Paramount Skydance. Plus: FIFA offers $60 tickets for the 2026 World Cup amid criticism over high prices.

Uncertainty over interest rate held back the markets.

Conversations on Groong - December 14, 2025In this episode of Conversations on Groong, we examine how Venezuela's vast oil reserves have become entangled in global conflict. The discussion links US pressure on Caracas to efforts to drive down oil prices, weaken Russia's war effort in Ukraine, and limit Iran's regional power amid rising fears of a wider war. We also explore how a revived Venezuelan oil sector could disrupt OPEC+, reshape Middle East politics, and alter the balance of power across today's conflict zones.Topics:Venezuela's oil and US pressureTrump, oil prices, and OPEC+Middle East fallout from cheap oilUkraine war and Iran conflict stakesGuest: Harry IstepanianHosts:Hovik ManucharyanAsbed BedrossianEpisode 495 | Recorded: December 11, 2025SHOW NOTES: https://podcasts.groong.org/495VIDEO: https://youtu.be/g0bH2EFA3GU#Venezuela #OilPolitics #Geopolitics #USForeignPolicy #EnergyWarsSubscribe and follow us everywhere you are: linktr.ee/groong

Chevron Chairman and Chief Executive Officer Mike Wirth discusses the impact of lower oil prices on exploration, discussions with the Trump administration on remaining in compliance with sanctions in Venezuela, power needs for artificial intelligence, and what he sees for the future of oil and gas prices. He speaks with Bloomberg's Lisa Abramowicz and Annmarie Hordern.See omnystudio.com/listener for privacy information.

Nikolas Tsakos, CEO of TEN Ltd. (TEN), says “we have been going from crisis to crisis since the ‘20s,” citing the pandemic, the Russian invasion of Ukraine, and more. TEN transports natural gas and oil products by sea and is the longest publicly traded company in Greece. However, he sees strong growth ahead, with fleet expansion underway. The “sweet spot” of oil prices is between $50-$60, he says, noting that the lower the prices, the more work TEN gets. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Recorded December 2, 2025 and October 29, 2025 https://youtu.be/QH34eUeoIAo Episode 146 of the PetroNerds podcast is another heavy-hitting, energy-dense PetroNerds episode to get you caught up on oil and geopolitics. Trisha Curtis, CEO of PetroNerds and host of the PetroNerds podcast, begins this episode with a fresh PetroNerdy update on the market covering Russia and Ukraine, the U.S. meeting with Putin in Russia, Japan–China tensions, U.S. oil production at 13.84 mbd, natural gas prices nearing $5/mcf, and the Fed. The body of this podcast is Trisha's keynote address in Houston on October 29th, 2025, at Whitley Penn's “Fueling the Future” conference. The keynote panel is moderated by Amanda Beabout, Audit Partner at Whitley Penn. This is a timely and prudent discussion covering the gauntlet. Trisha gets into the state of oil prices and the pessimism surrounding oil prices throughout 2025, Trump in South Korea and his upcoming meeting with Xi, China and rare earths, oil on the water, Saudi Arabia and OPEC Plus, and geopolitical risk. Amanda asks Trisha about her recent opinion piece, “Winning Against China Means Winning on Energy.” Trisha explains that China is a modern coal power, but the U.S. has more natural gas, oil, and coal than any nation on earth. She talks about U.S. oil production, natural gas production, productivity and longer laterals, and “Drill Baby Drill.” Amanda also asks Trisha to discuss AI as well as the government shutdown. Trisha talks about China and the U.S. with regard to AI and power generation, and the Fed and the lack of economic data during the government shutdown. She gets into risks in the market and mentions groupthink and cognitive dissonance in the oil and gas industry, risks that the U.S. will produce more than the industry thinks, lack of appreciation of risk with regard to China, and fears surrounding AI. The keynote address closes with audience questions covering nuclear power, Venezuela, Africa, underinvestment in oil, LNG, U.S. shale, and power and electricity. This is not a podcast you're going to want to miss. Please share it with your friends and colleagues. You can reach out to PetroNerds directly on the PetroNerds website here. You can also find Trisha's latest opinion piece in the Daily Signal, “Rising Electricity Prices Started Well Before AI.” And if you want more from PetroNerds, sign up here.

In this episode, Leslie Palti-Guzman exchanges with Ed Morse, one of the world's most respected voices in global oil markets, for a rapid strategic tour of today's biggest geopolitical flashpoints and how they're reshaping energy flows. We discuss why oil prices have remained remarkably stable despite shocks in the Middle East and Latin America, and why the Brent and WTI forward curves are telling a deeper story about fundamentals vs. geopolitics. We cover:

REVIEW Michael Bernstam of the Hoover Institution analyzes the impact of sanctions on Russia, whose economy is hurt by cheap oil prices. The International Energy Agency forecasts a significant oil glut of 2 to 4 million barrels per day surplus in 2025 and 2026. This, along with US deregulation, means cheaper oil, potentially causing Russia to stumble into a deep recession. Guest: MichaelBernstam.

Day 1,359.Today, as one of Russia's largest oil terminals burns following an overnight strike, we report on yet another aerial blitz on Kyiv and assess the latest wave of European support for Ukraine. We also examine German Chancellor Friedrich Merz's call for President Zelensky to stem the flow of young Ukrainian men fleeing to Germany. Later, we bring you an exclusive interview with the Deputy Head of Zelensky's Presidential Office, who shares Kyiv's latest response to the corruption scandal engulfing the administration – and warns that Ukrainian society this summer was at “boiling point.”ContributorsDominic Nicholls (Associate Editor of Defence). @DomNicholls on X.Francis Dearnley (Executive Editor for Audio). @FrancisDearnley on X.With thanks to Ihor Brusylov, Deputy Head of Zelensky's Presidential Office.SIGN UP TO THE ‘UKRAINE: THE LATEST' WEEKLY NEWSLETTER:http://telegraph.co.uk/ukrainenewsletter Each week, Dom Nicholls and Francis Dearnley answer your questions, provide recommended reading, and give exclusive analysis and behind-the-scenes insights – plus maps of the frontlines and diagrams of weapons to complement our daily reporting. It's free for everyone, including non-subscribers.CONTENT REFERENCED:Francis's Book Review: ‘How Gorbachev fooled the West into thinking he was a liberal visionary' (The Telegraph):https://www.telegraph.co.uk/gift/c726678d9006e83dWatch: Ukraine helicopter shoots down Russian drone using American minigun (The Telegraph):https://www.telegraph.co.uk/world-news/2025/11/13/ukraine-helicopter-minigun-shoots-down-russian-drone/ Germany slams door on Ukrainian men fleeing war (The Telegraph):https://www.telegraph.co.uk/world-news/2025/11/13/germany-slams-door-ukrainian-men-fleeing-war-russia-merz/ US sanctions Ukrainian firms accused of helping supply parts for Iran's Shahed drones used by Russia (Kyiv Independent):https://kyivindependent.com/iran-buys-shahed-components-from-within-ukraine-us-treasury/?mc_cid=c6b36a0bef&mc_eid=08d0680a95 LISTEN TO THIS PODCAST IN NEW LANGUAGES:The Telegraph has launched translated versions of Ukraine: The Latest in Ukrainian and Russian, making its reporting accessible to audiences on both sides of the battle lines and across the wider region, including Central Asia and the Caucasus. Just search Україна: Останні Новини (Ukr) and Украина: Последние Новости (Ru) on your on your preferred podcast app to find them. Listen here: https://linktr.ee/ukrainethelatestSubscribe: telegraph.co.uk/ukrainethelatestEmail: ukrainepod@telegraph.co.uk Hosted on Acast. See acast.com/privacy for more information.

Stijn Schmitz welcomes Josef Schachter to the show. Josef Schachter is Founder, Schachter Asset Management Inc. The discussion centers on the current and future state of the global energy market, with a particular focus on oil and natural gas dynamics. Schachter provides a nuanced view of the oil market, noting both near-term challenges and long-term bullish potential. In the short term, he anticipates oil prices potentially dropping to the $56-$58 range due to significant global inventories. However, he sees a compelling long-term narrative driven by fundamental supply constraints and declining global reserves, which require approximately 5-6 million barrels of new production annually just to maintain current levels. The conversation highlights critical challenges in the energy sector, including underinvestment and lengthy development timelines. Schachter emphasizes that new production requires extensive infrastructure, environmental approvals, and significant capital expenditure. He believes this complexity will contribute to a potential energy supercycle, potentially seeing oil prices exceed the 2008 peak of $147 per barrel. Canada emerges as a key focus, with Schachter noting the country's substantial energy resources and potential for growth. He suggests that Canadian energy companies offer attractive investment opportunities, particularly those with strong balance sheets, exploration potential, and dividend yields ranging from 5-10%. Geopolitical factors and technological innovations play a significant role in Schachter's analysis. He discusses how new extraction technologies, such as fracking and advanced offshore drilling, continue to unlock previously inaccessible energy resources. Additionally, he sees potential risks in global trade tensions and potential economic slowdowns that could impact energy demand. Looking forward, Schachter is optimistic about the energy sector's potential, anticipating global oil demand increasing to 110-112 million barrels per day by 2030. He recommends investors consider diversified exposure across oil, natural gas, and service industries, with investment strategies tailored to individual risk profiles and income needs.

HEADLINE: Russian War Economy Stalls as Oil Prices Decline and Sanctions Bite GUEST NAME: Michael Bernstam SUMMARY: Michael Bernstam reports that the Russian economy is struggling as global oil prices decline and sanctions increase transportation costs, leading to a $13 to $14 per barrel discount on Russian oil. The "military Keynesianism" economy is exhausted, resulting in staff cuts across industrial sectors. Forecasts indicate contraction in late 2025 and 2026, with the IMF lowering its growth projection for 2025 to 0.6%. Russia is avoiding sanctions by routing payments through neighbors like Kyrgyzstan, who have become major financial hubs. 1945