Russian Oil Producers Will Be Forced to Reduce Production – Reuters
2 Articles
2 Articles
Russian oil producers may be forced to sharply cut production in the coming months as storage facilities fill to capacity, Reuters reported. This is a result of growing pressure from US President Donald Trump and the European Union, which has led to export restrictions, Reuters added.
Russia's oil producers may find themselves in a situation where they are forced to drastically reduce their production, and this may happen in the coming months: the reason is the increased pressure from US President Donald Trump and European States to restrict Russia's exports. Under these conditions, the country's storage facilities are overflowing. This will further hit the Kremlin's military budget, reports Reuters. According to Kpler's anal…
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