Domestic Demand Helps Russian Oil Production To Rebound ...Middle East

OILPRICE - Economy
Domestic Demand Helps Russian Oil Production To Rebound
source : OILPRICE ( Middle East ) () 15
The start of the summer driving season and favorable economics for Russian refiners have helped Russia’s oil production to rebound from the lows in April and May, according to government data and analysts cited by Bloomberg. Russia’s oil production rose in June and is approaching the levels last seen in February, just before the Russian invasion of Ukraine. Most of the rebound is due to higher intake from domestic refiners, which have increased processing rates after slashing them in April, when the U.S. banned imports of all Russian…

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