Russia to Maintain Crude Oil Exports in March

Russian oilmen expect to maintain current volumes of crude oil exports, despite the plans of the Russian government to reduce production in March 2023 by 500,000 barrels per day. This was told by three sources of Vedomosti, who are familiar with the plans of oil companies.

According to them, production will decline due to a decrease in the supply of raw materials to Russian refineries, which, in turn, will lead to a drop in the volume of exports of petroleum products. At the same time, the volume of crude oil exported abroad, most likely, will not decrease much, says one of the interlocutors.