RUSSIA24 — Infografika 20260915 045100 UTC 111 transcript segments Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking Data courtesy of The GDELT Project (https://www.gdeltproject.org/), from the Internet Archive TV News Archive. Machine transcription. Treat it as a searchable index of what was broadcast, not a verbatim quotation record. [00:00:00] In Magnit, we maximize price reductions. Sweets [00:00:04] "Daёшь Beloy" 49.99 [00:00:06] in stores with delivery. More discounts with the [00:00:10] Magnit app. Music is my [00:00:12] life. I set [00:00:16] the tempo, [00:00:18] tonality, [00:00:20] accents, and choose those with whom music [00:00:24] comes alive. Because my life is [00:00:28] music. And the instrument with which it sounds as [00:00:32] desired is premium Sber, its privileges, [00:00:35] and a team that embodies any ideas. Premium Sber, [00:00:38] when you choose yourself. [00:00:41] Millions of people across the country face different types [00:00:45] of pain, no matter what caused the pain, if there is [00:00:48] Pentalgin. Thanks to its combined composition, Pentalgin [00:00:51] acts against pain, wherever it may be. Pentalgin, [00:00:55] let's do without pain. OSAGO prices have risen again, buy [00:00:59] OSAGO profitably. On the website or in the application Sravni. Sravni: service number [00:01:03] one for buying OSAGO in Russia. [00:01:05] Sravni! [00:01:10] Heroes! Common sport! At Vkusnaya [00:01:14] Tochka Kids Combo with a limited collection of toys! Order in [00:01:17] Cooper with 30% cashback. Thanks bonuses with a subscription from [00:01:21] Sberp. [00:01:30] For half a century, the global oil market was orchestrated by OPEC. One decision [00:01:34] on quotas and quotes sharply changed trajectory. Today the cartel [00:01:38] gathers, announces an increase in production, and the market practically does [00:01:41] not react. Who took over control will be shown by [00:01:44] the graphs. [00:01:47] Let's start with the main thing. Here is the volume of production of OPEC Plus countries. The alliance [00:01:50] has been active since the end of 2016. [00:01:53] At its peak, the countries that were part of it produced almost 40 [00:01:57] million barrels per day. Now look to the right. In [00:02:00] February, the members of the organization pumped out every second barrel in [00:02:04] the world, meaning their share was 48%, in [00:02:07] July it was 40. They lost eight points in [00:02:10] six months, and the smaller the share, the weaker the influence on [00:02:13] the market. In May, the United Arab Emirates left OPEC, [00:02:17] having been in the organization for almost 60 years. [00:02:20] The reason is that very quota. Abu Dhabi invested more than [00:02:24] 140 billion dollars in production, bringing capacity to almost 5 [00:02:28] million barrels per day. Three or four were allowed. [00:02:32] Iraq, the second largest producer in the association, one of the five [00:02:35] founders, also considered leaving in the summer. As a result, [00:02:38] the prime minister stated: we will not leave OPEC, but we will demand [00:02:41] a fair quota. The logic is exactly the same. Arguing about [00:02:45] quotas has become almost meaningless. The Strait of Hormuz [00:02:48] is closed, the production of Iraq itself collapsed from [00:02:50] 4.2 million barrels in February to 1.5 [00:02:54] million in May, sea exports 8% of [00:02:57] last year's level. Smart cartel. Six times announced [00:03:01] an increase in production, all these decisions had little effect on [00:03:04] prices. Oil that cannot be delivered to consumers does not affect [00:03:08] pricing. The Hormuz crisis only exacerbated now [00:03:11] OPEC's problems, simply because OPEC started [00:03:15] producing even less, simply because both Saudi Arabia and [00:03:18] Iraq, uh, the United Arab Emirates, could not [00:03:21] supply the entire volume of extracted oil to the market. And the opening of [00:03:25] Hormuz will only exacerbate the problem simply because [00:03:28] the authorities of Iraq and Saudi Arabia will most likely [00:03:32] declare that for many months, already more than [00:03:34] half a year, we have been producing less oil than we could, [00:03:38] than the quotas allow us, and we want to compensate these [00:03:42] volumes, respectively, they will try to flood the world [00:03:45] market with super-volumes of oil that they will [00:03:48] produce, well, accordingly, in order to compensate for these [00:03:52] downtimes. [00:03:54] The conductor's place was taken by the one who buys oil. Since the beginning of [00:03:58] the conflict, China bought four [00:04:00] barrels less than the year before. This is not economy, this is [00:04:04] management. Beijing has about 1.5 billion barrels in storage. [00:04:07] This is the largest reserve in the world. The price is too high, [00:04:11] China takes from its reserves, the largest buyer leaves the market. [00:04:15] The price dropped too low. The Middle Kingdom returns [00:04:18] and buys in advance. The reduction of imports by China after [00:04:22] the start of the US war with Iran in the Middle East prevented [00:04:25] quotes from going into space. If China [00:04:28] continued to buy at the same volumes, oil would cost a third [00:04:32] more. China looked at its behavior model for [00:04:35] forming reserves from the International Energy [00:04:38] Agency, which was created in the seventies by the US and [00:04:41] European countries. It was created precisely to solve [00:04:45] the problems of oil supplies from the Middle East, and [00:04:49] the IEA countries had to create their strategic reserves for 90 days [00:04:52] of imports. And accordingly, what was done, [00:04:56] and China simply scaled up [00:04:58] the IEA experience and created a reserve much larger, covering [00:05:02] imports for a much longer [00:05:04] period. Washington also plays its part, [00:05:08] the White House announced a deal with [00:05:10] Venezuela. [00:05:21] 35% in the American operating company goes to the [00:05:25] Pentagon, the American government secures the [00:05:28] right to buy back 20% of production at [00:05:31] cost. In Caracas, after this, they are seriously discussing [00:05:35] leaving OPEC. Venezuela is one of the cartel's founders. In [00:05:39] one year, the organization risks losing its second major member. [00:05:43] Venezuela today possesses 17% of the world's [00:05:47] oil reserves, however, production volumes are only slightly more than [00:05:50] 1% of global production, this is a problem of the last 25 [00:05:54] years, but a possibility for tomorrow. [00:05:56] дня. [00:05:58] So, do we bury OPEC or not? Not yet. The organization [00:06:02] still has leverage, these are underground reserves and spare [00:06:06] production capacity. Hormuz will open and its barrels will return to [00:06:09] the market, but the cartel's role is changing from a personal [00:06:12] conductor who set the price, OPEC is becoming one of the [00:06:16] participants in the oil orchestra, and together they write the score of oil [00:06:20] quotes, and it doesn't always turn out in unison. [00:10:00] The Armed Forces of Ukraine are trapped in the Volchansk cauldron in Kharkov.