Russia has banned oil and diesel exports after Ukrainian strikes disrupted energy infrastructure and triggered domestic fuel shortages. The move aims to stabilize local fuel supplies as the war continues to affect Russia’s energy sector. Consumers, businesses, and global energy markets could face renewed uncertainty following the decision. Russian authorities imposed the export ban on […]
Russia oil exports
Saudi Arabia, Russia Poised for OPEC+ Output Hike as Oil Prices Slide Below $65
LONDON: Saudi Arabia, Russia and six other key OPEC+ members — collectively known as the “Voluntary Eight” (V8) — are expected to agree on a crude output increase when they meet virtually on Sunday, as falling prices and global oversupply pressure producers to adjust their strategy. Oil prices have plunged to below $65 a barrel, […]