Russia Sees No Reason To Cut Its Oil Product Output

Russia sees no need to reduce its output of petroleum products as the EU embargo on imports of Russian fuels kicks in on February 5, Russian Energy Minister Nikolai Shulginov said on Friday. “We will analyze what the effects of the embargo will be. So far we have no reason to believe that we will see a sharp reduction in the processing or production of petroleum products,” Russian news agency Interfax quoted Shulginov as saying.   Russia is not considering postponing or rescheduling refinery maintenance because of the EU embargo,…