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  • According to S&P Global, Russia’s oil exports by sea have fallen to their lowest level since September 2021.

  • The discount for Russian Ural crude versus Brent futures was also halved.

  • That spells trouble for Russia’s energy industry, which could be left with an extra 2.2 million barrels of oil per day once an EU embargo comes into effect.

Russia’s sea oil exports fell to their lowest level since September 2021 in the first half of this month as discounts on Russian…



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