OPEC

russian oil companies have reduced drilling rates by 2. 5% compared to last year due to OPEC+ production cuts. russia is implementing two sets of cuts, but still produces more oil than agreed.

Brent and WTI crude oil futures rose by $2 after the assassination of the Hamas leader in Iran. The rise in prices came despite concerns about weak demand in China and expectations about OPEC+ decisions.

Putin had a telephone conversation with the Prince of Saudi Arabia. The parties discussed cooperation in the political, trade, economic and energy spheres, emphasizing the importance of coordination within the framework of OPEC+.