Author: Global Macro News Desk

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Global Macro News Desk covers global economy, financial markets, central banks, geopolitics, energy, and macro risk. The desk focuses on clear, context-driven reporting and analysis for readers following the forces shaping global markets. [email protected]

Russia is reportedly planning to increase refinery operations in June while reducing crude oil exports in order to prevent potential fuel supply shortages in the domestic market. According to sources familiar with the matter, Russia aims to increase processing capacity as refineries across the country complete maintenance work. Preliminary data suggests that crude oil shipments through Russia’s major western export terminals—Primorsk Port, Ust-Luga Port, and Novorossiysk Port—are expected to decline from approximately 2.5 million barrels per day to 1.7 million barrels per day. Sources say that this decline stems not only from increased refinery demand but also from a drop…

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