Can Russia Protect India From Oil Volatility? – Analysis

Recently, OPEC and some non-OPEC countries, including Russia, announced an oil output cut of around 1.16 million barrels per day. This move will bring the total volume of oil cut by OPEC + to 3.66 million bpd, according to Reuter’s estimations. Eventually, the output reduction could lift oil prices by US$10 per barrel,...