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What will be the primary reason for the decline in Russia's crude oil exports by the end of 2024?
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Resolution / Starting Odds
Geopolitical tensions • 25%
Economic sanctions • 25%
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Verified news reports from credible sources such as Bloomberg, Reuters, or official statements
Story
Russia's Crude Shipments Drop by Almost 1M B/D, Biggest Since Ukraine Invasion
Jul 9, 2024, 11:35 AM
Russia's weekly crude shipments have dropped by almost 1 million barrels per day, marking the biggest week-on-week slump since the country invaded Ukraine in 2022. This significant decline, observed in the seven days to July 7, has dragged the four-week average of Russian crude exports to its lowest level since February. The data highlights the ongoing volatility in Russia's oil export market amid geopolitical tensions.
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