Reduced refining capacity, sanctions force Russia to cut oil output

Russia plans additional oil supply cuts with production reductions and decreased exports amid curtailed refining capacity and stricter sanctions. Tuapse, Volgograd, and NORSI refineries, along with Novatek's fuel processing at Ust-Luga, have reduced output. Middle Eastern partners request a bigger contribution to OPEC+ production cut. Russian oil exports are affected by wide-ranging sanctions.
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