Page 1 - FSUOGM Week 29
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Issue 1085 22•July•2020 Week 29
OPEC+ cuts eased
As widely expected, OPEC+ has agreed to ease production cuts starting next
month, citing the price recovery as justification.
Russian fuel normalises
Russian fuel demand and supply are returning to normal levels, but
authorities are taking steps to cap wholesale prices.
Another threat to Nord Stream 2
US Secretary of State Mike Pompeo has cleared a path for a 2017 sanctions
package to be applied to Russia's Nord Stream 2 project.
ategic oil reserve
Str
Russia's oil industry has prepared a feasibility study on the development of a
strategic crude reserve – something the country lacks.
