OPEC+ to hike output by 547,000 bpd from Sept; India’s medium crude demand seen rising 1 mn bpd by 2030
Brent crude futures stayed in the $68–69 per barrel range on Monday, with bearish sentiment after the OPEC+ supply announcement and ahead of possible US measures targeting Russian oil buyers from August 8. Most of Russia’s barrels are going to China and India.
Brent crude futures stayed in the $68–69 per barrel range on Monday, with bearish sentiment after the OPEC+ supply announcement and ahead of possible US measures targeting Russian oil buyers from August 8. Most of Russia’s barrels are going to China and India.
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