Crude supply cuts from Russian sanctions just a ‘drop in the ocean:’ Vitol’s Muller

Western economic and financial sanctions on Russia have reduced its crude supply by an estimated 1 million b/d, a “relative drop in the ocean compared to the intended impact,” the head of Vitol Asia said on May 8. “If only one million b/d has gone missing so far, before the EU shuts the door on Russia crude if they indeed…