Record cargoes: Russia’s crude exports climb to 16-month highs; refineries scale back due to Ukraine attacks

Russian crude oil exports have surged to a 16-month high, reaching 3.62 million barrels daily, even as Ukrainian drone attacks cripple domestic refineries. This increase is partly fueled by OPEC+ agreements allowing higher production and the redirection of crude to export terminals due to refinery disruptions.

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Record cargoes: Russia’s crude exports climb to 16-month highs; refineries scale back due to Ukraine attacks

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