Reported about 1 year ago
In a recent week leading up to July 7, Russia experienced a significant drop in its crude oil shipments, with a sharp decrease in weekly exports as well as in the less volatile four-week average. While the exact cause was unclear, factors such as enhanced compliance with OPEC+ output targets and an increase in refinery operations were suggested. The impact of Western sanctions on Russian crude carriers and a decline in export values were also highlighted, with notable decreases observed in shipments to Asian and European destinations.
Source: YAHOO