Russian refineries processed 5.49 million b/d of crude in the week spanning June 8-14, a 2-month high, Bloomberg has reported. That’s close to 200,000 barrels a day more than the previous week’s clip as serious questions continue being asked about the country’s commitment to production cuts agreed on by OPEC+.
Back In February, oil prices received a boost after Russia’s Deputy Prime Minister Alexander Novak announced that the country would cut oil production by 500,000 barrels per day, or…Russia’s Crude Oil Processing Hits New Highs
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