Russia, the world’s largest oil producer, has ramped up its crude exports this year, potentially undermining a deal with the Organization of the Petroleum Exporting Countries cartel that has helped raise oil prices. OPEC’s agreement with Russia and nine other countries was meant to reduce global oil output by 2% and has helped to raise Brent crude prices by roughly 5% this year, to over $60 a barrel. “The Russians are putting more oil on the market and cashing in,” said Georgi Slavov, head of research at commodity brokerage Marex Spectron. As a result, he said, the country is “delaying the effect the OPEC deal could have on the market.” The scrutiny of Russia’s actions highlights the growing importance that oil investors are giving to big producers’ exports sold on the global market and […]