Russia has committed to reducing crude oil shipments by 500k barrels per day starting next month, signifying a gesture of unity with Saudi Arabia, an attempt to address months of speculation about the feasibility of Russia cutting oil production while increasing crude exports. August provides Russia with an ideal opportunity to make these significant gestures at a minimal cost. Companies can divert crude from export terminals to domestic refineries, which are expected to operate at a higher rate due to the conclusion of spring maintenance and a period of generous state subsidies.