OPEC and Russia remain aligned but the Kremlin’s influence within the group of major oil producers looks diminished by sanctions and the international backlash to its war in Ukraine. As the OPEC+ alliance prepares to hold its next virtual meeting May 5 to decide on June crude output levels, Russian production is already on the .
HOUSTON: Energy industry leaders said the burgeoning energy crisis is perhaps more dire in natural gas markets than in crude oil, due to Europe’s dependency on Russia and as prices have been sky-high for months. Panelists at this year’s CERAWeek conference in Houston have stressed a greater need for secure energy supply. While world crude markets have been roiled by the US
Energy industry leaders said the burgeoning energy crisis is perhaps more dire in natural gas markets than in crude oil, due to Europe’s dependency on Russia and as prices have been sky-high for months. Panelists at this year’s CERAWeek conference in Houston have stressed a greater need for secure energy supply. While world crude markets .