Oil exports from Russia's western ports hit 4-yr high in April

Saudi Arabia and other OPEC+ oil producers early in April announced additional cuts of around 1.16 million bpd, joining Russia's initiative to reduce output. It was unclear if Russia's high exports mean it has lowered its output cuts.

In April, the amount of primary oil refining capacity offline will rise to 3.132 million tonnes from 1.684 million tonnes in March, data from industry sources and Reuters calculations show.

At what price cut.

And they say they are punishing Russia! 🤣🤣🤣 they are actually draining Europe

I am old enough to remember when people said sanctions wouldn't work. 😐

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