On August 12th, Bloomberg reported a number that should unsettle anyone still reading OPEC+’s monthly quota announcements at face value: Russia’s actual crude output in July was 8.887 million barrels a day, against an OPEC+ quota of 9.824 million. The gap, just under 940,000 barrels a day, is not a compliance choice. Ukraine has hit […] The post The Barrels OPEC+ Can’t Actually Deliver appeared first on Modern Diplomacy.