4/4/2024 0 Comments Extended survey![]() ![]() There were some strings attached to the potential offer of record Russian gas export volumes this year, perhaps the quick approval of the Nord Stream 2 pipeline. Meanwhile, Russian President Vladimir Putin’s comments earlier this week on European gas supplies were a deliberate attempt to calm an increasingly unstable market, said two people with knowledge of the country’s energy policy. The group’s decision to stick with an increase of only 400,000 barrels a day for next month was clearly an effort to maximize short-term revenues as demand escalates and inventories drop, analysts said in a note on Wednesday. It is “only a matter of time” before OPEC+ accelerates supply increases, especially if oil remains over $80/bbl, according to Citigroup Inc. “So if prices continue to go up and overheat, then they will be putting pressure on OPEC.” “The key to remember is that the Biden administration is very keen on having low gasoline prices for consumers,” Amrita Sen, chief oil analyst at Energy Aspects Ltd., said in a Bloomberg Television interview. This advertisement has not loaded yet, but your article continues below. ![]()
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