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About Commodity Insights
02 Dec 2021 | 13:00 UTC
Domestic economic concerns are playing a role in OPEC+ members' positions on production volumes, with some countries suffering more from oil price volatility than others.
Compared to late 2020, Russia has retained its strong economic position within the group. However, the narrowing gap between fiscal breakeven oil prices with Saudi Arabia could bring the two key OPEC+ members closer together on production strategy.
Read more: Russia, OPEC+ seen moving closer on fiscal breakeven oil prices