March 20, 2024

Understanding the Impact of Russia’s Crude Supply Plans on Global Oil Prices

Oil prices experienced a decline on Monday following Russia’s declaration of plans to enhance crude supplies to meet the rising global demand. The surge in jet fuel consumption has also raised concerns about potential fuel shortages in the market. Russian Energy Minister Alexander Novak disclosed that the country is looking to increase its oil output…

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POSTED BY

Rakesh Wynswell