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Crow: Russian Crude Oil Surplus Could Lead to Well Closures

Russia is not able to process the surplus crude oil quickly enough and this could lead to the closure of wells, economic expert Raivo Vare said on the program "Välisilm". Last week, it was finally announced that Lukoil and Rosneft, which have been hit by US sanctions, will have to sell their foreign assets.

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Russia is not able to process the surplus crude oil quickly enough and this could lead to the closure of wells, economic expert Raivo Vare said on the program "Välisilm". Last week, it was finally announced that Lukoil and Rosneft, which have been hit by US sanctions, will have to sell their foreign assets.

·Estonia
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Lean Left

In a report released Monday, the World Bank predicts a further drop in oil prices. This would be particularly damaging for Russia and other OPEC+ countries.

·Netherlands
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China could stop the war immediately if it reduces purchases of Russian oil, says exiled oligarch Mikhail Khodorkovsky

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NRC Handelsblad broke the news in Netherlands on Monday, November 3, 2025.
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