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2025-10-31 21:42:47
[Russia May Tacitly Approve OPEC+ Production Increase, Geopolitical Games Underway] ⑴ Consulting firms predict Russia is unlikely to oppose OPEC+'s plan to increase production by 137,000 barrels per day in December. ⑵ Although the latest sanctions could reduce Russian oil production by 500,000-600,000 barrels per day over the next two months. ⑶ The risk of an immediate production halt is extremely limited; the impact on production will gradually become apparent over time. ⑷ A geopolitical analyst points out that Moscow wants to project stability and may therefore support a moderate production increase. ⑸ For the Kremlin, maintaining composure and sending a signal of control remains a core strategic consideration. ⑹ Brent crude and WTI crude rose 0.5% to $64.69 and $60.94 per barrel respectively on Friday afternoon. ⑺ The market is weighing supply and demand prospects, with geopolitical factors and production policies jointly influencing price movements. ⑻ The OPEC+ internal coordination mechanism faces a test; Russia's attitude will be a key variable at Sunday's meeting.
