Although OPEC and its Russia-led non-OPEC allies have not yet decided if and how much oil they will restore to the market, Russia’s plans for exports and refinery runs in the coming months point to Moscow preparing to increase its oil production, as early as in July. Russia’s July-September crude oil exports and transit schedules and refinery run plans for the third quarter suggest that an increase in Russian oil production could start as early as in July, Reuters reports . According to export schedules and oil transit plans, Russia’s crude oil exports and transit are set to rise to 63.34 million tons in the third quarter this year, from 62.45 million tons expected for the second quarter. This increase translates into a 20,000 bpd boost in exports, according to Reuters calculations—not a significant number in itself, especially compared to Russia’s 11 million bpd production, but it would add […]