Russia close to cutting oil output due to drone attacks - report ...Middle East

Reuters reports that Transneft (Russia's pipeline monopoly) warned producers they may have to cut output following a series of drone attacks on Russian energy assets.

"Transneft, which handles more than 80% of all the oil extracted in Russia, has in recent days restricted oil firms' ability to store oil in its pipeline system, two industry sources close to Russian oil firms told Reuters."

WTI crude oil is up 73-cents to $64.03.

This article was written by Adam Button at investinglive.com.

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