Russian Oil Supply to Plummet to Double in May
The effects of sanctions and buyer reluctance on Russian oil will be fully obvious starting in May, according to the International Energy Agency (IEA).
The effects of sanctions and buyer reluctance on Russian oil will be fully obvious starting in May, according to the International Energy Agency (IEA).
Russian Energy Minister Alexander Novak announced on 14 October that the OPEC+ group of leading oil producers will start easing output curbs as planned despite a global spike in coronavirus cases.
The International Energy Agency's (IEA) monthly report has found that global oil supply has increased by 2.5 million barrels of oil per day (mmbbl/d) to 90 mmbbl/d after the cessation of voluntary cuts by Saudi Ar ...
Page 1 of 1