Russia’s oil contamination scandal is cutting oil exports to the EU by 10%, impacting $2.7 billion worth of oil, and leaving EU importers fuming about Transneft’s silence – just as Russia seeks to present itself to the EU as a reliable provider of gas through its Nord Stream pipelines.“The disruption sent oil to a six-month high above $75 a barrel, tarnished Russia’s reputation as an exporter at a time of rising competition,” Reuters says in a lengthy report detailing the contamination of oil shipped to Belarus, Poland, Germany, and Ukraine.
Russia’s oil contamination scandal is cutting oil exports to the EU by 10%, impacting $2.7 billion worth of oil, and leaving EU importers fuming about Transneft’s silence
