OilX data suggests that Russian production has declined by 10% since the start of the Ukraine War. IEA: Russian oil supply is expected to fall by 1.5 million bpd in April. Vitol plans to wind down all its activities related to Russian oil by the end of 2022. Russia’s oil production is estimated to have declined by 10 percent since the start of the Russian invasion of Ukraine, satellite images of flaring at oilfields and leaks from traders and Russian statistics suggest, Bloomberg Opinion columnist Javier Blas writes . Russian oil and condensate production averaged around 10.2 million bpd in the first two weeks of April, according to consultancy OilX, which analyzes flaring at Russian oilfields using NASA images. The output in the first half of April is much lower than 11.1 million bpd production in February and 11 million bpd in March, Bloomberg’s Blas notes. A chronic decline […]