LAUNCESTON, Australia, June 26 (Reuters) - The extraordinary events in Russia this weekend made for dramatic headlines and the ramifications are likely far from over, but the immediate impact on global crude oil markets is likely to be limited.
What is somewhat more certain is that there is no direct threat to Russia's crude oil industry and no reason to believe that shipments from the world's second-largest exporter of the fuel are in any danger.
While there appears little imminent threat to Russia's exports of crude oil and refined products, the weekend unrest does raise concerns over the medium and longer terms.
Russia's crude oil exports are expected to dip in June, but this is largely the impact of Moscow's earlier announcement of a voluntary 500,000 barrels per day (bpd) additional cut to output.
But a wounded and weakened Putin is one more thing the global oil market now has to worry about.
Persons:
Vladimir Putin, Wagner, Alexander Lukashenko, Putin, Yevgeny Prigozhin, midmorning, Sonali Paul
Organizations:
Brent, Refinitiv Oil Research, Reuters, Thomson
Locations:
LAUNCESTON, Australia, Russia, Belarus, midmorning Sydney, OPEC, Moscow, Saudi Arabia