Reuters ahead with news of major Russian oil contamination

Reuters was first to report that a quarter of Russian oil flows were contaminated at the end of April and that buyers, including major oil companies, have since refused to purchase the crude for fear of damaging their refining equipment. News of the contamination helped push oil prices to a six-month high above $75 per barrel, adding to supply constraints around the world. Along with exclusive insight on how the incident unfolded, Reuters was also first to report that the development had forced Russia to cut output and exports while refiners in Europe had to reduce refining runs. The disruption has cost Russia some $100 million in lost revenues a day so far.