❗️Reuters: Russia has cut oil output by an estimated 300000 to 400000 barrels per day in April following Ukrainian drone strikes on refineries and ports.

❗️Reuters: Russia has cut oil output by an estimated 300000 to 400000 barrels per day in April following Ukrainian drone strikes on refineries and ports. The disruption, combined with reduced pipeline flows to Europe, marks the sharpest monthly decline in production since the COVID period.