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Russia May be Forced to Cut Crude Production Year-End: Vortexa

OIL


  • Lower crude exports and lower product exports (via refinery run cuts) due to sanctions would both require crude production shut-ins as the Russian storage system as well as access to ships is limited.
  • Around Dec/Jan we could therefore see a loss in Russian crude production of up to 2.5mbd.
  • However, as new trading routes and logistics come into play most of the affected production could be reinstated over the course of H1 2023.

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