Russia's Oil Exports Drop, Impacting Global Prices

Crude oil and gasoline prices edge up amidst reduced Russian exports and geopolitical tensions. Russias oil product shipments plummeted in November due to Ukraines refinery attacks and new sanctions. OPEC predicts a shift from deficit to surplus, with OPEC Plus planning slight production increases in December, followed by a pause in Q1 2026. A potential global oil surplus in 2026 may reshape oil prices.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.