OPEC+ has agreed to raise oil output by 411,000 barrels per day in June, continuing a strategy shift aimed at disciplining quota violators and responding to global calls for lower fuel prices. The decision mirrors a similar production hike for May and signals the bloc’s growing willingness to tolerate lower oil prices, even at the […]
OPEC+ Surprises Markets with June Output Hike — Russia to Feel the Pain Read Post »
Russia’s Finance Minister Anton Siluanov Russia’s economic struggles are piling up as oil revenues continue to fall and Western sanctions slowly but surely cripple the aggressor’s economy, Ukraine’s Center for Countering Disinformation (CCD) reveals. At a recent extended meeting of Russia’s Ministry of Finance, Finance Minister Anton Siluanov admitted that turbulence in the oil market
Russian government preps population for drastic lowering of living standards Read Post »
Russia’s wartime economy continues to collapse, with today’s data confirming a worsening situation in production across the country. Russia’s civilian industrial sector has officially entered recession, according to a new report from the Center for Macroeconomic Analysis and Short-Term Forecasting (CMASF), underscoring the growing strain on the country’s economy amid prolonged military mobilization and tightening
Russia’s domestic manufacturing sector again collapses to new lows Read Post »
