U.S. Sanctions Could Hit 1.5 Million Bpd of Russian Oil Exports

U.S. Sanctions Could Hit 1.5 Million Bpd of Russian Oil Exports

One week into the latest – and most aggressive yet – U.S. sanctions on Russian oil exports, the Asian buyers of Russian crude are scrambling for alternative supply, the price of oil has rallied, and analyses suggest that more than 1 million barrels per day (bpd) of Moscow’s export volumes could be severely constrained…
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