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economicOct 16, 2026

Global crude oil market is not efficient anymore — Russian presidential advisor

Summary

"Today you need to expend a barrel of oil to extract the same quantity," Anton Kobyakov said

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Russia

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economicUnverifiedRussia
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Russian Presidential Plenipotentiary Commissioner for the North Caucasus, Zamir Kabulov, described recent developments as a "stable and progressive trend." He emphasized the importance of maintaining this trajectory, though the specific metrics or evidence supporting this characterization were not provided in the statement.