After in recent months crude oil prices have clearly recovered from their COVID-19 slump on steadily increasing demand, Russian Deputy Prime Minister Alexander Novak addressed the much-anticipated decision-making at the upcoming OPEC+ conference set for August and the expectation that it will decide to raise output significantly beyond the current pandemic-induced strategy of gradually releasing more barrels into a strengthening oil market.
Novak said in his Thursday remarks at the St Petersburg International Economic Forum that…''We'll See $200 Oil": Russia & OPEC Ministers Blast IEA's Net Zero Plan
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