Friday , 21 February 2025
Home Forex Russia’s largest oil producer criticizes OPEC+ cut policy – Commerzbank
Forex

Russia’s largest oil producer criticizes OPEC+ cut policy – Commerzbank

The head of Russia’s largest oil company says that the production cuts by OPEC+ in 2016 and 2020 have strengthened the US shale oil industry and enabled the US to become a leading oil exporter, Commerzbank’s commodity analyst Carsten Fritsch notes.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Pain in the stock market: 8 things are adding up to an ugly selloff

US stock markets are under some heavy pressure today with the S&P...

Fed’s Goolsbee: Steel tariffs will raise production costs in region

Fed's Goolsbee is lurking around saying that:Steel tariffs will raise production costs...

USDJPY falls below the 50% midpoint

The USDJPY has moved below the 50% midpoint of the move up...

Baker Hughes oil rig count rises -7 in the current week

Baker Hughes rig count for the week shows:Oil rigs up 7 at...