our exports of refinery products sometimes puts us in a net exporter position…but we still have to import a lot, including from Russia, because a substantial number of our refineries can’t use the super-light oil we produce from shale; see here:https://www.spglobal.com/commodity-insights...
“At the start of this year, Russia’s gross domestic product (GDP) was still projected to grow by a total of about 5% in 2022–2023 (Chart 1). As a result of the war, confidence on Russian economy has collapsed. The economic sanctions imposed on Russia due to the war have isolated ...
The ministry said Monday it expects a $4.5 billion decline in oil export revenue because of an anticipated 6.3 percent drop in oil production from 2014 figures. The ministry said the federal budget next year will receive about $2.2 billion less than expected because of a contraction in exports....
The footprint of President Vladimir Putin’s war on Ukraine is growing fast after a weekend in which sea drones crippled a Russian naval vessel and oil tanker. For the first time, the attacks put at risk Russia’s commodity exports via the Black Sea, a route that accounts for most of th...