Russian oil exports hit 8-month high on refinery outages
Russia increased western oil exports by 15% in May as drone strikes on refineries cut domestic processing. Shipments reached 2.5 million barrels per day.
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Russia increased western oil exports by 15% in May to 2.5 million barrels per day. This surge marks an eight-month high as drone strikes force crude away from domestic refineries. The shift to raw crude exports allows Russia to maintain production levels despite losing significant domestic fuel processing capacity.
