Brent ose 21 cents to $83.31 a barrel, WTI were at $78.90 a barrel.

As part of the OPEC+ agreement and voluntary reductions taken by a number of countries, including the Russian Federation, production restrictions were extended to the second quarter of 2024.

Already in mid-April, August power prices for Dallas soared to $168.70 a megawatt-hour, which was the highest level in five years for this time of the year,

Brent were down 60 cents, or 0.7%, to $82.28 a barrel, WTI slipped 64 cents, or 0.8%, to $78.02.

Brent climbed 21 cents, or 0.25%, to $83.48 a barrel, WTI rose 7 cents, or 0.09%, to $79.30 a barrel.

Brent rose 35 cents, or 0.4%, to $83.10 a barrel, WTI gained 40 cents, or 0.5%, to $79.03.

The country exported a total of 7.3 million barrels a day last month, down 6.4% from March, the Paris-based agency said in its monthly report published Wednesday. That’s Russia’s lowest oil exports in five months, the IEA estimates show.

Brent were up 34 cents, or 0.4% at $82.71 a barrel, WTI rose 38 cents, or 0.5%, to $78.39 a barrel.

The global oil demand growth forecast for 2024 remains broadly unchanged from last month’s assessment at 2.2 mb/d.

Novak is taking on additional responsibility for economic development and anti-sanctions measures after former economic development minister Andrey Belousov was named new defense minister in a dramatic change of guard during the third year of full-scale war in Ukraine.

The OECD's growth forecast for Russia has been significantly revised upward—from 1.8% to 2.6% for this year, placing it sixth globally.

Brent inched 4 cents higher to $83.40 a barrel, WTI rose 5 cents to $79.17 a barrel.

Brent fell 30 cents, or 0.36%, to $82.86 a barrel, WTI fell 25 cents, or 0.32%, to $78.13 a barrel.

Proceeds for the Russian budget from oil-related taxes jumped to 1.053 trillion rubles ($11.5 billion) last month compared to nearly 497 billion rubles in April 2023, according to Bloomberg calculations based on Finance Ministry data. Total oil and gas revenues in April increased nearly 90% year-on-year, to 1.23 trillion rubles, according to the data.

Brent were up 23 cents, or 0.28%, at $83.56 per barrel , WTI rose 24 cents, or 0.31%, to $78.72 a barrel.