Oil prices keep the focus of markets on Russia's supplies

Oil prices stabilized after achieving profits amid speculation over a possible postponement of OPEC+production, and uncertainty about Oilflow from Russia. Brent -Ruolie trades about $ 76 a barrel after it rose 1.5% in the first two sessions of the week, while the crude oil “West Texas” traded on less than $ 72. The OPEC+coalition is studying the possibility of postponing a series of monthly production increases, which would begin in April, which could represent the fourth postponement of these increases in the event of the implementation of the decision. Meanwhile, prominent United States and Russia officials in the Saudi capital, Riyadh, met in a first round of talks on the war in Ukraine. But the exclusion of Ukrainian President Folodimir Zellinski of the meetings raised concern in Europe, which could lead to the slowdown in any possible agreement. On the other hand, the group (G7) considers the ceiling of Russian oil prices, which can make the complexity of global oil flow and affect the energy markets in the coming months. Also read: Brazil agrees to join the “OPEC+ Cooperation Charter”, Fishno Varathon, head of the economy and strategy division at Mizuhu Bank, said “the increasing possibility of expanding OPEC+ production can be one of the reasons for supporting prices.” But he pointed out that the biggest price of prices depends on the increase in the production from outside “OPEC+, and the pressure that the coalition is gradually facing.” Meanwhile, oil flow from Kazakhstan to the Black Sea could fall by 30% in the coming months due to reforms at a large Russian pumping station attacked by the Ukrainian drones. Oil prices have moved in a relatively narrow range of about $ 5 a barrel this month, while the implicit fluctuations index has dropped to the lowest levels since July. This comes after a turbulent start for the year, as futures increased due to cold weather and the tightened sanctions, but later fell due to US President Donald Trump’s commercial actions that caused the concern of the market. Trump said he would probably impose 25% of customs on the imports of cars, semi -conductor and medicine, with an official announcement expected on April 2. He also announced 25% definitions on steel and aluminum, which will come into effect in March. In another development, Trump said that Chevron’s ability to continue oil from Venezuela is subject to review, which is an indication of continued tension between the two countries, which could affect the global energy markets.