Russian energy exports have exceeded the commitments made by Moscow in the latest OPEC+ meeting. The four-week average of fuel exports reached 2.4 million barrels per day (bpd), the highest since September, with a weekly export flow topping 3 million bpd. This contradicts the OPEC+ pledge to extend production cuts and export curbs, including a reduction of 900,000 bpd in exports, with 200,000 bpd from Russia. Despite Deputy Prime Minister Alexander Novak confirming voluntary reductions, Russian oil outflows have surpassed the commitments, echoing a similar occurrence in October. The surge in exports challenges OPEC+ efforts to stabilize oil markets and manage global supply.

SOURCE:GOOGLE