How Will U.S. Sanctions on Russia Impact OPEC+ Strategy?
Update: 2025-10-29
Description
On October 29th, OPEC Plus faces a crucial decision on December oil production, with the US sanctions on Russia's major oil companies adding uncertainty. Despite Saudi Arabia's push for increased production, OPEC Plus is expected to remain cautious, aiming to maintain market stability and avoid a price drop. The outcome hinges on the impact of US sanctions on Russian oil exports and the potential for increased supply through unofficial routes.
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