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szaba_the_hut

14,310 Posts.

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30/03/24

22:11

Post #: 73126890
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Originally posted by AndyL2880: ↑

Your opinion on oil price rise is not correct.

Refineries do not produce oil, they refine it. Oil fields produce oil, these have not been attacked.

With less refinery capacity to refine the available oil, that oil will proceed to global markets. More available oil means a lower oil price.

The price rise is limited to rising fuel prices on the local Russian market, which they are currently experiencing due to Ukrainian strikes on refineries.

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Russia is the 4th largest exporter of refined petroleum products globally. It will have a global price impact.
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