Russia Is Ready To Open The Taps

There is economic life after the pandemic. While the novel coronavirus hasn't been vanquished, oil demand has significantly risen in the past couple of months. According to the IEA, by the end of 2022 demand could have rebounded to pre-Covid levels. Rising prices are causing mild distress in Moscow which fears that the global economic upturn could be slowed. While many uncertainties remain, sources expect Russia to opt for increased production during the OPEC+ meeting in a few days. At the start of the pandemic in April 2021, OPEC+ agreed on historic…