US EditionRussia's Oil Industry Faces Mounting Pressure
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4 Articles
The weak demand in Asia and the new EU restrictions have increased the pressure on Russian oil exports.
Russia is having increasing difficulty finding buyers for its oil products. Economic sanctions imposed on the Kremlin have forced Russian oil producers to sell crude at below-market prices. Even under these conditions, "we will
In the open sea are tankers loaded with Russian oil in quantities equivalent to almost half of its monthly production in the Russian Federation -for details read ᐅ TSN.ua (news 1+1)
Russia's Oil Industry Faces Mounting Pressure
Russian Oil Glut at Sea Signals Market Strain Millions of barrels of Russian crude oil are currently afloat, facing difficulty finding buyers amidst international sanctions and reputational concerns following the invasion of Ukraine. This unprecedented situation is forcing Russia to offer significant price discounts, potentially impacting its revenue stream. Millions of Barrels: Unsold Russian oil accumulating at sea. Record Discounts: Deep pri…
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