Russias oil export duty set to slide in May, hitting refining margins

Russias oil export duty set to slide in May, hitting refining margins
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20.04.2020

MOSCOW (MRC) -- Russia's oil export duty CL-EXPDTY-RU, a key source of tax revenue for the government, is likely to plummet in May to its lowest level in nearly two decades if oil prices stay low, Reuters calculations showed.The expected sharp decline in duty paid by Russian oil exporters will encourage oil producers to sell crude oil and make refining it less attractive, hitting the pro

Full article at mrcplast.com

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