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EconomyGlobal crude oil market is no longer efficient, Russian presidential adviser says

Anton Kobyakov said at a Russian Energy Week press conference that the international oil market had stopped being efficient, noting that extracting a barrel of oil now requires expending a barrel. He said a “real war,” economic and political, is being fought over oil and its refining.

crude oil marketoilRussian Energy Week

TTASS★★☆☆☆2026-10-16 13:16Original

Global crude oil market is no longer efficient, Russian presidential adviser says
Economy