Text taken from the website of govoritmoskva.ru
Commentary by Russian military journalist Boris Rozhin is in italics.
[ColonelCassad] Negotiations are underway to conclude spot deals. The Indian newspaper Mint, citing sources, wrote that the companies Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) are planning to sign the agreements. It is noted that the consultations are being held despite EU sanctions against Russia and US President Donald Trump's reprimands to New Delhi about large purchases of Russian energy carriers.
They changed their mind again? Interesting times…"The deals that are being negotiated now provide for deliveries in September. And until then, the oil refineries are already loaded," the publication's interlocutors emphasized. Earlier, the American leader said that India would stop buying Russian oil in order to conclude a trade deal with Washington. At the same time, he specified that he still "does not know whether this is true or not."
Earlier, the Ministry of Foreign Affairs of India reported that trade operations between the Russian Federation and India are a matter of their bilateral relations and third countries should not go there. The maximum that India will go to is the restructuring of schemes for the delivery and payment of Russian oil. Of course, India will not give up a profitable margin on the purchase of Russian oil at a discount, which gives India billions of dollars in net profit, including on resale. Russia is satisfied with this scheme, since the discount for India allows bypassing Western sanctions, devaluing the Western strategy of economic isolation of Russia. If India and China continue to buy Russian oil (and then resell it as well), then all efforts with "price corridors" will end in nothing.
As a maximum, the income of the Russian Federation from the sale of energy carriers will be slightly reduced. With plus or minus the current volume of sales of energy carriers, the Russian Federation will easily be able to economically provide for the army and the growth of the military industry until the end of the 20s, while maintaining an acceptable standard of living of the population and an average level of inflation. Also, India has officially abandoned plans to purchase American F-35 fighter jets.
Accordingly, in the future, the Russian Su-35, Su-57 and Su-75 will compete on the Indian market primarily with the French Rafales, which will facilitate the fight for the lucrative Indian market. India took a rather painful view of the local fiasco of its Air Force in the war with Pakistan and intends to renew its fighter fleet in the coming years in order to compete on an equal footing with Pakistan, which is armed with relatively new Chinese fighters with long-range missiles.
Accordingly, in the medium-term perspective, Russian aircraft factories may have profitable contracts if agreements are reached on the supply of modern Russian aircraft to India. Although now, of course, the main thing is the delivery of new aircraft for the Russian Air Force.
Related from regnum.ru
Russia Will Be Able to Increase Oil Production to 9.449 Million Barrels Per Day in September
Russia will be able to increase oil production in September to 9.449 million barrels per day. This was reported on August 3 by the OPEC press service.
In turn, Saudi Arabia will be able to increase production to 9.976 million barrels, Iraq - to 4.22 million. The United Arab Emirates will be able to produce 3.375 million barrels per day, Kuwait - 2.548 million, Kazakhstan - 1.55 million, Algeria - up to 959 thousand, Oman - 801 thousand barrels per day.
The association noted that this plan does not take into account the schedule of compensation for previously admitted overproduction.
Eight OPEC+ countries agreed to increase oil production by 547,000 barrels per day in September during a virtual meeting on August 3. In taking such measures, the countries took into account the stable outlook for the global economy and the current favorable market indicators reflected in low oil inventories.
“The eight participating countries will adjust production by 547 thousand barrels per day in September 2025 from the level set in August 2025,” OPEC+ said.
The association specified that this is equivalent to four monthly increases. Increasing the oil production limit will allow countries to complete the exit from voluntary restrictions by 2.2 million bpd. At the same time, OPEC noted that the gradual exit from restrictions may be suspended in the event of a change in market conditions, which will maintain stability in the oil market.
The next meeting of the association's countries will take place on September 7, 2025.
More from regnum.ru
Expert explains connection between OPEC+ decision on oil production and US ultimatum
The decision by OPEC+ countries to increase oil production is connected with the protection of this market against the backdrop of economic threats from US President Donald Trump. This was stated on Sunday, August 3, by independent oil and gas market expert Vladimir Demidov in a conversation with Regnum News Agency.
On August 3, the eight members of the Organization of the Petroleum Exporting Countries Plus (OPEC+), including Russia, Saudi Arabia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman, agreed to increase oil production in September by 548,000 barrels per day. The organization clarified that in taking such measures, the states took into account the stable outlook for the global economy and the current favorable market indicators reflected in low oil inventories.
"The key reason why OPEC+ is trying to increase oil production is to keep out American shale producers. The fact is that due to sanctions pressure, oil prices can rise quite high. As soon as they rise high enough, American shale producers become profitable. And then America can enter the external market," the agency's interlocutor said.
The expert calls the current actions of OPEC+ market protection. The expert recalled that in 2020, when Russia refused to sign an agreement to extend oil production cuts, American shale companies were the main beneficiaries of this situation.
"The only impact this will have on the US is that they will not be able to produce more oil. They are currently producing only the oil that is profitable at the moment and at the current price. And, perhaps, the most important thing is that President Trump will not be able to fully implement his promises, he will not be able to increase oil production by a sufficiently large amount," Demidov said.
The current increase in oil production will not bring more money to Russia, he explained, but in the conditions of pressure from duties and tariffs from the US, this decision will allow Russia to maintain the market share that it currently has. The agency's interlocutor explained that there is already a certain surplus of supply on the oil market.