Demostenes Floros, Geopolitical and economic analyst
In addition to the positive trend, the Vienna agreement has allowed Russia and Saudi Arabia to achieve two fundamental objectives: higher production and consequently higher income
Despite the agreement to raise oil output by 1,000,000 b/d achieved by the so called OPEC + group during their meeting in Vienna on June 22nd/23rd, barrel prices increased. In particular, WTI benchmark gained at around $7.5/b.