superfine screw oil production line in russia

                                               
                                               
                                               
                                               
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  • Why is Russia reducing oil output in the second quarter?
  • REUTERS/Vasily Fedosenko/File Photo Purchase Licensing Rights MOSCOW, March 25 (Reuters) – Russia’s government has ordered companies to reduce oil output in the second quarter to ensure they meet a production target of 9 million barrels per day (bpd) by the end of June in line with its pledges to OPEC+, three industry sources said on Monday.
  • What percentage of Russian crude oil is shipped by’shadow’ tankers?
  • 71% of Russian seaborne crude oil was transported by ‘shadow’ tankers, while tankers owned or insured in countries implementing the price cap accounted for 29%. ‘Shadow’ tankers transporting oil products handled 44% of Russia’s total volume of products. The remaining volume was shipped by tankers subject to the price cap policy.
  • How did Russian crude oil compare to Brent crude oil?
  • The Urals grade crude oil was traded at an average discount of USD 12.68 per barrel compared to Brent crude oil. In April, 38% of Russian seaborne crude oil and its products were transported by tankers subject to the oil price cap. The remainder was shipped by ‘shadow’ tankers and was not subject to the price cap policy.
  • Will Russia cut its oil output?
  • Earlier this month, Russian Deputy Prime Minister Alexander Novak said that Russia would cut its oil output and exports by an additional 471,000 barrels per day (bpd) in the second quarter, in coordination with some members of the Organization of the Petroleum Countries and allied producers (OPEC+).