Category Archives: Financial

OPEC+ Agrees to Boost Oil Output, Threatening Russia’s Income

OPEC+ has reportedly begun to “unwind” voluntary production cuts, reducing oil prices to punish recalcitrant members, and perhaps to please President Donald Trump. “Russia’s economy is dependent on oil revenues, which make up around 30% of its total state budget. Lower oil prices have repeatedly concerned Russian authorities,” the Kyiv Independent noted on Monday.

Read More:  Breitbart