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Latest Reports and Analysis

Latest Analysis / Short-term Global Oil Service

FSU Oil Monthly

Published: 31 July, 2026

Highlights:

Updates
Key Issue: Ukraine intensifies attacks in the Black Sea, risking Black Sea crude supplies
Crude Production and Trade: Russia forced to cut output as Ukrainian attacks limit crude outlets
Refining Developments: Russia’s refinery runs to be nearly 1 mmb/d lower y-o-y in 2H 2026
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