Russia Finds Oil Sales Balance Amid Market Mayhem

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Russian oil producers have seemingly managed to find a subtle balance for their export patterns, at least for the time being, as flows are partially rerouted to Asia-Pacific markets while European buyers still import as much as they are allowed under the political will of each EU member state. Sources say that such a balance would not require the construction of new export capacities to further reroute flows when the full EU embargo on crude comes into force on Dec. 5.

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