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Crude surges 5%, OPEC ready to up output, if needed
October 24, 2025
|Financial Express Bengaluru
WITH OIL PRICES surging around 5% to a two-week high on Thursday after the US imposed sanctions on major Russian suppliers Rosneft and Lukoil over Russia’s war in Ukraine, the OPEC said it is ready to raise production by rolling back output cuts further, if required, to address market shortfalls.
Sanctions against Russia could reduce the supply of oil available to global markets as Russia was the world's second-biggest crude producer in 2024 after the US, according to US energy data.
هذه القصة من طبعة October 24, 2025 من Financial Express Bengaluru.
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