MARKETS

Russian crude sales remain strong, but could drop from upcoming EU embargo

RUSSIAN oil production and exports have been proving resilient in recent months, with much smaller declines than initially expected, the International Energy Agency said on Thursday in its Oil Market Report – August 2022.

Tim Daiss
Russian crude sales remain strong, but could drop from upcoming EU embargo

    However, when the recently passed EU embargo takes full effect in February next year, a 20% drop in Russian production could take place if the country doesn't find more Asian buyers.   The...

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