Russia’s revenue from the export of crude and other oil products rose last month despite Western sanctions, according to the IEA, with with all barrels sold above the Western-imposed price cap of $60.
Oil prices rebound 2% as Russia’s output drops below OPEC+ quota. Will supply cuts and Fed policies push energy markets higher? Read the latest forecast.
Russia will have no choice but to slow oilproduction. There is a growing glut of crude in Russia due to falling exports and reduced refining production which can only be addressed by ...