This year’s surplus is more than triple the $27.5 billion in the same span last year and is the highest since 1994.
Western sanctions have yet to fully deter global customers from buying Russian oil. While the European Union has publicly condemned the Kremlin for its war in Ukraine, it has yet to impose an oil embargo and remains Russia’s top export market. Meanwhile, China and India have stepped up purchases of Russian oil.
www.yahoo.com/lifestyle/soaring-oil-gas-prices-help-144941528.html
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