Oil supplies from Russia fell by 25% in a week

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Last week, Russia reduced oil supplies by sea. By April 15, the decline in exports amounted to about 25%. This is the lowest level since the end of February.

Bloomberg analyzed the volumes of oil that Russia ships from the ports of the Arctic, Baltic and Black Sea coasts to Asian consumers. According to official information, reports from port agents and ship tracking, 30 tankers departed Russia in a week, loading almost 22 million barrels of oil. On average, a little more than 3 million barrels were exported from Russia per day. This figure is 25% lower than shipments abroad in the first week of April.

The rate of oil production also decreased. Compared to the previous month in April, they fell by about 0.5 million barrels per day.

The European Union is currently discussing the possibility of a complete embargo on Russian oil, so the world’s largest buyers are looking for other sources of imports.

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