Save for later Print Download Share LinkedIn Twitter With crude oil recently trading around $75 per barrel, it would seem natural to assume that Russia would be happy with current prices, given that oil sales are such an important source of revenue for the government. So why has Russia been lobbying for a further increase in Opec-plus production, which could cause oil prices to retreat from their recent highs? Energy Intelligence explains how Moscow's position on oil prices reflects multiple factors, including domestic politics and its complicated "buffer mechanism" for smoothing out differences in domestic and foreign fuel prices.
