Russia To Cut More Oil Production As Exports Restricted

Russia’s oil production will be cut by another 1 million barrels per day over the next week after its oil exports were restricted due to contamination issues, according to Reuters. The contaminated crude oil was shipped through Transneft’s Druzhba pipeline, causing the pipeline operator to call on Russian oil producers to request reduced volumes—a 10 percent reduction.

Source: Russia To Cut More Oil Production As Exports Restricted

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