Daily Memo: Russian Oil Will Stay in Russia

A significant portion of Russia's oil exports will be used to meet domestic demand.

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Russia redirects exports. Russia’s Ministry of Energy instructed Russian oil companies to redirect a significant portion of oil products meant for export to the domestic market. Last month, Russia announced that it would suspend the import of oil products – namely, gasoline, diesel fuel, jet fuel, marine fuel and gas oils – from June 2 […]

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Geopolitical Futures (GPF) was founded in 2015 by George Friedman, international strategist and author of The Storm Before the Calm and The Next 100 Years. GPF is non-ideological, analyzes the world and forecasts the future using geopolitics: political, economic, military and geographic dimensions at the foundation of a nation.