The Wall Street Journal, citing OPEC delegates, reports that some OPEC members are considering suspending Russia’s participation in the OPEC+ deal amid Western sanctions.
The publication says that such a possibility is being considered “as Western sanctions and a partial European ban begin to undermine Moscow’s ability to produce more oil.”
Russia last year agreed with OPEC and nine non-OPEC countries to increase oil production on a monthly basis.
However, according to the newspaper, “its production is expected to fall by about 8% this year.”
Caspian Barrel
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