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Russia's Deputy PM Novak says they have a surplus in fuel supplies, adding that domestic diesel and gas supplies are sufficient

Newsquawk Staff ·

Russia's Deputy PM Novak says they have a surplus in fuel supplies, adding that domestic diesel and gas supplies are sufficient.

What it means

Russia's confirmation of a surplus in fuel supplies highlights their capacity to meet domestic energy needs, which could suggest stability in their market amidst ongoing geopolitical tensions. This information may influence European energy prices by easing concerns over supply disruptions, especially given the current context of sanctions and trade relations with the EU.

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