Russian decision shocks oil markets

Sep 5th 2023 12:48pm EDT

The Brent crude price jumped to $90 a barrel after Moscow announced it would reduce global supplies for the rest of the year Russia will extend its voluntary cut in oil exports by 300,000 barrels per day (bpd) until the end of the year, Deputy Prime Minister Aleksandr Novak announced on Tuesday.  “The additional voluntary […]

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