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IEA's Russian oil output forecasts cut after Ukraine attacks

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IEA's Russian oil output forecasts cut after Ukraine attacks

The International Energy Agency downgraded its outlook for Russian oil production, citing damage to Russia’s energy infrastructure from Ukrainian attacks. The revision implies a higher supply-risk premium for crude markets, with potential upward pressure on oil prices.

Analysis

The International Energy Agency downgraded its outlook for Russian oil production, citing damage to Russia’s energy infrastructure from Ukrainian attacks. The revision implies a higher supply-risk premium for crude markets, with potential upward pressure on oil prices.

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