Russia Set to Surpass Saudi Arabia in OPEC+ Rankings

1 min read
Source: The Wall Street Journal
Russia Set to Surpass Saudi Arabia in OPEC+ Rankings
Photo: The Wall Street Journal
TL;DR Summary

Saudi Arabia is expected to lose its position as the largest oil producer in the OPEC+ alliance to Russia as its production cuts start to impact its output. This tightening of the oil market comes at a time when prices are showing signs of increasing.

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