Business

Russia sends a signal against OPEC + Oil production cuts

Russia is not in favor of cutting oil production at this point, and it is likely that OPEC+ will keep output steady when it meets on Monday, people familiar with the matter said, as Moscow maneuvers to prevent it. Western efforts to limit its oil revenues after the invasion of Ukraine.

Russia’s opposition to production cuts highlights a debate within the Organization of the Petroleum Exporting Countries and its allies led by Moscow, collectively known as OPEC+, as oil consumers around the world. Asking to prepare for a dispute this winter with the Kremlin over its crude oil prices. Oil prices spike above $100 a barrel after Russia Invades Ukrainehurt Western consumers and fill Moscow’s coffers.

Source link

kignews

Kig News: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button