⚡️ Key takeaways from Deputy Prime Minister Alexander Novak's statements:
▶️Oil prices have nearly doubled, additional supplies from Russia will help stabilize the market;
▶️Russia supplied $21.3 billion worth of energy resources to Europe in the first nine months of 2026;
▶️OPEC+ ministers noted that 6-7 million bpd of energy resources are failing to reach the global market due to the situation in the Strait of Hormuz;
▶️Russia could eventually supply up to 3.5 million tons of diesel per month to the global market, returning to its previous export volumes;
▶️Additional diesel supplies from Russia will help partially balance global supply and demand;
▶️Surging freight costs and a shortage of vessels have driven a major portion of the increase in oil prices.
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