Russia
Russia weighs cut to oil output
Russia’s oil pipeline monopoly Transneft has warned producers they may have to cut output after Ukraine’s drone attacks on critical export ports and refineries, three industry sources said. In a statement on its website, Transneft described the news as “fake” and part of the West’s “information war” against Russia. Kyiv has stepped up attacks on Russian energy assets since August in a bid to impede Moscow’s war effort in Ukraine and reduce the Kremlin’s revenues as attempts to secure an end to the conflict through peace talks have stalled.
