Russia finally is being forced to cut its oil production. Alexei Druzhinin/Russian Presidential Press and Information Office/TASS (Photo by Alexei Alexei Druzhinin/TASSBack in December 2018, Russian oil minister Alexander Novak agreed to cut Russian oil output by 2%, or 228,00-230,000 barrels per day over the first 6 months of 2019. Organic chloride is a compound used to increase oil production and accelerate the flow of oil. Contamination is not a new issue with Russia crude oil. However, there are other options globally, and Russian crude oil will likely suffer from a loss of confidence as the issue—and the lack of communication—drags on.

Source: Forbes May 06, 2019 00:33 UTC