US EditionRussia Fails to Meet OPEC+ Oil Production Target in June, Bloomberg Reports
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3 Articles
Russia Misses OPEC+ Oil Production Target for June – EUROP INFO
Russia fell short of its OPEC+ oil production target in June, according to a report by Bloomberg cited by The Kyiv Independent. The shortfall comes amid ongoing challenges within the Russian energy sector and heightened geopolitical tensions affecting global oil markets. This development raises questions about Russia’s ability to influence supply dynamics within the OPEC+ alliance and the broader implications for international energy markets. Ru…
Oil prices fell today Monday, after the OPEC+ Coalition agreed to a larger than expected increase in production over the next month, raising concerns about a possible window in supply, at a time when customs duties are raising concerns about demand prospects. Brent's crude fell by up to 1.6 percent from $67 a barrel after falling 0.7% on Friday, while Texas's intermediate ore stabilized around $66.
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