US EditionReuters: Russia Will Inevitably Cut Oil Production
7 Articles
7 Articles
Because of the Ukrainian attacks.
A reduction in oil production in Russia is inevitable, as Ukraine's strikes on port infrastructure, pipelines and refineries have reduced export opportunities by 1 million barrels per day, or a fifth of total capacity.
Russian oil storage facilities overflow due to Ukrainian strikes. Ukraine's large-scale attacks on Russian oil infrastructure have overwhelmed Russia's storage system. This makes a reduction in Russian oil production inevitable, according to RBC-Ukraine, citing Reuters. Read also: Russian oil giant reports record profit drop Export capacity paralysis According to industry sources, Ukrainian drone strikes on ports, refineries, and pipelines have …
Russia is facing an inevitable reduction in oil production due to the loss of part of its export infrastructure after Ukraine strikes — Reuters. What you know, read TSN.ua (news 1+1).
Ukrainians continue to attack Russian port infrastructure, pipelines, and refineries. The resulting destruction will force Moscow to reduce oil production.
Ukraine's attacks on Russian oil infrastructure are starting to have major effects: Russia may be forced to reduce oil production after its export capacity was hit by about 20%. The situation risks putting additional pressure on global markets, already strained by conflicts in the Middle East, given that Moscow is one of the world's largest suppliers of crude.
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