Russia
Escalating geopolitical tensions and ongoing supply restrictions propel oil prices
Mixed U.S. inventories impact crude oil gains, production offset by fuel demand
Concerns arose from attacks on Russian refineries and potential conflict escalation in the Middle East
Iraq and Nigeria lead reductions, maintaining OPEC's commitment to supply restraint
China and U.S. demand boost prices amid Middle East conflict
Department forges strategic alliances within Russian and CIS markets
China's manufacturing activity expanded for the first time in six months in March
Russia's commitment to deeper production cuts as a key factor influencing the crude oil market in the coming months
Market concerns rise as major producers hold output policy steady
Globally, prices continued to rise above the mid-$2,150 mark
The attacks caused potential disruptions to oil capacity, estimated at 900k bpd
