Putin's IBS<p><a href="https://mastodon.online/tags/Russian" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Russian</span></a> oil companies are preparing to start forced production cuts as they are unable to sell millions of barrels of oil, <a href="https://mastodon.online/tags/Reuters" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Reuters</span></a> reports, citing three oil executives and more than 10 traders, refining executives, and port agents.</p><p>Volumes from <a href="https://mastodon.online/tags/Russia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Russia</span></a>'s western ports of <a href="https://mastodon.online/tags/Primorsk" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Primorsk</span></a>, <a href="https://mastodon.online/tags/Ust_Luga" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Ust_Luga</span></a>, and <a href="https://mastodon.online/tags/Novorossiisk" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Novorossiisk</span></a> in January were down 17% from a year earlier, and the cost to transport a cargo from <a href="https://mastodon.online/tags/Russia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Russia</span></a>'s <a href="https://mastodon.online/tags/Pacific" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Pacific</span></a> port of <a href="https://mastodon.online/tags/Kozmino" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Kozmino</span></a> to <a href="https://mastodon.online/tags/China" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>China</span></a> up fivefold in January,</p>