• Global oil market is balanced now.
  • Russia's oil processing in 2025 will be higher than in 2024.
  • OPEC+ oil output rise by 100K bpd in April will not affect oil market.
  • Russian refineries are operating normally.
  • Russian market is supplied with oil products.
  • Global oil supply/demand balance will be maintained in April, we will keep an eye on it.
  • Russia sees 2025 oil output at 515m-520m tones.
  • Russia's 2025 refinery runs may see growth.
Alexander Novak
Source: Forex Live