OPEC+ Faces Fresh Turmoil From Chaos in Russia
Moscow has largely been reluctant to make its share of supply cutbacks as the Kremlin seeks to maintain revenue streams to fund its war in Ukraine.
Members of the Wagner Group in Rostov-on-Don, Russia, during a short-lived mutiny against the Kremlin.
Photographer: Roman Romokhov/AFPWelcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, OPEC Reporter Grant Smith examines the potential repercussions of Russia’s internal power struggle on its fellow oil producers. To learn more about how the energy transition is affecting Sweden’s indigenous Sami, click here. To get this newsletter sent straight to your inbox, you can sign up here.
Russia’s flirtation with civil war over the weekend could have profound consequences for the oil producer alliance Moscow helps to lead.