Tensions Between The Wagner Group And Russia's Military Mount

Energy Markets The biggest news of the week in oil markets is, of course, the newest round of OPEC+ production cuts that came out of the June 4 meeting, and which initially sent oil prices higher for the week but ultimately failed to really move the needle in a market distracted by China data that speaks to the overriding demand picture. While OPEC+ and the Saudis maintain that production cuts are only meant to “stabilize” markets and not to force prices higher to suit Saudi budgetary needs, the argument falls apart at the seams. The…