Russia’s Oil Exports Nosedive Following Price Cap ...Middle East

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Russia’s Oil Exports Nosedive Following Price Cap
Russian crude-oil exports have taken a serious hit since new sanctions and a price cap came into force earlier in the week, with the Wall Street Journal reporting that figures from two data providers on Russian crude both show a big fall, though their magnitudes differ.  According to one commodity-analytics firm Kpler, Russia’s seaborne exports fell by nearly 500,000 barrels per day on Tuesday, a 16% decline from the November average of 3.08 million bpd.  Meanwhile, TankerTrackers.com, which tracks sea vessels using signals and…

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