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Live Updates  >  Live Update Details

2025-08-02 01:58:55

[RBC: OPEC+ will not increase production to offset the impact of US sanctions on Russia] RBC analysts led by Helima Croft pointed out in a report that OPEC+ members with spare production capacity are unlikely to be willing to increase production to comply with US sanctions on Russia, the co-chair of the organization. It is unclear whether Trump will implement the secondary sanctions he has threatened on Russian energy buyers, but market participants "should not expect OPEC to immediately fill" any potential supply reductions.

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