Russia says it's maintaining oil supplies but has no new OPEC+ initiatives

Russia said it is keeping oil flowing to world markets, helping limit the impact of the crisis triggered by the Iran war, but has no specific initiative to propose within OPEC+. The statement is broadly neutral for markets, suggesting supply remains intact and near-term disruption risk is contained.

Analysis

Russia said it is keeping oil flowing to world markets, helping limit the impact of the crisis triggered by the Iran war, but has no specific initiative to propose within OPEC+. The statement is broadly neutral for markets, suggesting supply remains intact and near-term disruption risk is contained.