Bloomberg: Russia has made progress in the oil market despite sanctions

“July was the third consecutive month of recovery in oil production (in Russia. - 

),” Blas said.

Also, Moscow has now regained price opportunities, taking advantage of the limited supply on the market, he said.

“When European sanctions on Russian oil exports come into effect in November, governments in the region will face a difficult choice as the energy crisis begins to take its toll on consumers and businesses,” the story reads.

Earlier it became known that OPEC + countries will increase oil production by 100 thousand barrels per day in September.

Russia and Saudi Arabia will be able to increase production by 26 thousand barrels per day.

Deputy Director General of the National Energy Institute Alexander Frolov and an expert of the National Energy Security Fund, a lecturer at the Financial University under the Government of Russia Stanislav Mitrakhovich, in an interview with RT, commented on the plans of the OPEC + countries.

Candidate of Economic Sciences Alexander Danilov, in an interview with the FBA "Economy Today" commented on the situation on the world oil market.