Other OPEC+ members may want to further stabilize the market, Russian Deputy PM Aleksandr Novak suggests More oil-producing nations may slash their crude output, Russian Deputy Prime Minister Aleksandr Novak warned on Monday.

The Russian ruble fell to its lowest exchange rate against the US dollar since last April on the Moscow Exchange on Monday. The currency slipped to 78.53 rubles to the dollar in afternoon trading, the weakest rate since late April 2022. The ruble also traded at over 85.34 against the euro.

Poland is reportedly still a top consumer of unsanctioned Russian liquefied petroleum gas Poland remains the largest importer in the EU of Russian liquefied petroleum gas (LPG) due to its affordability compared to Western European alternatives, the newspaper Rzeczpospolita reported on Monday.