Russia’s central bank has warned that crude oil prices could slump to $25 in its risk scenario for monetary policy over the next three years, TASS reports . That scenario, which is the bank’s worst case for 2021 to 2023, also includes heightened geopolitical tensions, a second wave of coronavirus infections, and other economic shocks. Debt problems and trade tensions are also included in that scenario. The update from the bank comes amid falling oil prices, pressured by changing outlooks on demand as the pick-up that started in May and continued through July is showing signs of a slow-down, raising doubts about its sustainability. Among the latest of worrisome signs, Saudi Arabia said it would cut its official selling prices for crude in a move hardly anyone expected given the Kingdom’s upbeat stance on oil demand. Separately, reports of rising oil and fuel inventories in floating storage pressured benchmarks […]