🔥 Transneft is warning Russian oil companies it cannot take on more oil. Oil companies, already bordering on loss, may need to reduce output.
Russia has no excess storage capacity. If unrefined oil cannot be exported, it must be disposed of or kept in the ground.
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Exclusive: Russia close to cutting oil output due to drone attacks, sources say
Russia's oil pipeline monopoly Transneft has warned producers they may have to cut output following Ukraine's drone attacks on critical export ports and refineries, three industry sources said on Tuesday.
