Verified crude oil export data from sources like Bloomberg, Reuters, or official Russian export statistics

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.