Significant decline in Russian crude oil exports due to Western sanctions
An economic report confirmed that several factors combined led to a significant decline in Russian crude oil exports.
The report stated " Oil Price" The International Oil Company said that maintenance work at the Russian port of Primorsk and pressure to comply with OPEC+ production cuts led to a contraction in Russian oil exports, and Western sanctions, including targeting the Russian shadow fleet, further hindered oil exports.
The report indicated a decline in Russian crude oil exports by sea by 11% from their highest level last October due to maintenance work in the port of Primorsk on the Baltic Sea, in addition to the impact of pressures on Russia. To adhere to its quota in OPEC+, and to increase Western sanctions.
The report noted tanker tracking data, which showed that in the four weeks until December 15, Russia’s average exports of transported crude oil reached By sea, 3.06 million barrels per day.
The report pointed out that this is 11% less than the last peak, which had an average volume for four weeks of 3.46 million. barrels per day in early October.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and
