Internal Russian Oil Crisis Surpasses OPEC Warnings

1 min read
Source: Crude Oil Prices Today | OilPrice.com
Internal Russian Oil Crisis Surpasses OPEC Warnings
Photo: Crude Oil Prices Today | OilPrice.com
TL;DR Summary

The article highlights that the real oil shock is occurring inside Russia due to Ukrainian drone attacks on Russian oil infrastructure, which are degrading Russia's export capacity and affecting global markets. Despite OPEC+ decisions to increase exports, geopolitical tensions and military strikes are causing supply disruptions, potentially leading to a bullish market environment with higher prices and tighter supplies, especially in Asia. The situation underscores the limited role of OPEC+ in stabilizing the market amid escalating geopolitical risks.

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