*As the second largest producer in Opec+, Russia stands to benefit significantly from the unwinding of production cuts; on paper at least.
*In reality, Russian production and exports are constrained by international sanctions, and Ukrainian attacks on refineries. Opec+ started easing voluntary production cuts in April, but rather than increasing, Russian exports have dropped sharply since then. With oil prices also down, Russian oil export revenues have also taken a hit according to IEA figures. (CONTINUED - 128 WORDS)
