Russia braces for oil output cuts

Insight: Russia braces for oil output cuts as sanctions and drones hit
Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to sail to Asia and Ukrainian drone attacks hobble its refineries.
Russia drowning in unsold oil as sanctions and Ukrainian strikes hit hard
The sanctions, which targeted Gazprom Neft, Surgutneftegaz, and 180 shadow fleet tankers, have created a surplus of oil in Russia that cannot be exported abroad. The ports of Ust-Luga, Primorsk on the Baltic and Novorossiysk on the Black Sea have seen a 17% drop in January export deliveries,
Russia prepares to cut oil production due to sanctions and drone attacks, Reuters reports
Russia is facing the threat of a reduction in oil production due to US sanctions and Ukrainian drone attacks. Source: Reuters Details: Reuters noted that the US sanctions have complicated access to tankers supplying oil to Asia,
Analysis-Latest US sanctions on Russia throw global oil trade into disarray
Tightened U.S. sanctions on Moscow have disrupted a roaring trade in discounted Russian oil to China and India, reviving demand for Middle Eastern and African crudes, roiling shipping markets and driving up oil prices.
US sanctions strand Iran, Russia oil on tankers, driving up crude costs
The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher US sanctions reduced the number of buyers, leaving fewer tankers available to deliver cargoes and driving up crude costs,
Over 60% of Russian oil tankers halted due to sanctions
The latest US sanctions against Russia’s oil sector have led to the suspension of most Russian tankers. Source: Bloomberg Details: Currently, 94 out of 154 tankers sanctioned under the Biden administration have stopped transporting Russian oil.
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Russia Braces for Oil Output Cuts as Sanctions and Drones Hit
Russia Braces for Oil Output Cuts as Sanctions and Drones ... it said. Russia's Arctic fields producing over 300,000 bpd are struggling to find tankers and may cut output, traders said.