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Text size About the author: Christopher Weafer is chief executive of Macro-Advisory, a Eurasia-based strategic consulting company. Russia was the world’s largest oil exporter through most of 2022. Sanctions mean Russia is no longer No. 1. Still, it should comfortably remain in second place by virtue of the fact that it is willing to sell at a big enough discount to buyers eager to gain economic competitiveness. The global oil market has always operated under opaque conditions. It is now entering a whole different ball game as Moscow looks to maximize cash flow and Asian buyers deflect Western criticism to...
