Summary

Russia says it’s still pumping and shipping crude into a tightening global market, but it’s not bringing any new ideas to the table ahead of the next OPEC+ meeting, even as supply shrinks and demand climbs during the worst energy crisis in years. The Kremlin said on Thursday that Russia would continue to export oil to global markets. Russia has framed its steady flows as a stabilizing force amid the Iran war, which is disrupting supply chains and trapping barrels in the Middle East.

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