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OnlinePoker

(5,888 posts)
3. They are likely going to have to shut down some of their oil fields
Sun Jan 12, 2025, 12:19 PM
Jan 12

They're already dealing with diminished storage capacity because of Ukraine attacks on depots. With the inability to actually refine the crude they're pulling out of the ground, their only option is to shut down production. This will be a big issue, even if the war ends quickly, as restarting those wells is an expensive proposition using expertise and equipment they likely don't have access to because of the sanctions.

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