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Russia’s Seaborne Oil Exports Drops to Lowest Level since August 2023


Thu 09 Jan 2025 | 12:14 AM
Taarek Refaat

Russia’s seaborne crude oil exports fell to their lowest level since August 2023, extending the decline since the October peak to 540,000 barrels per day.

Russian oil exports fell last week to 20.17 million barrels of crude, compared with 21.51 million barrels the week before, the data showed.

Bloomberg reported that Russian oil export revenues fell last week by about $20 million to about $1.35 billion.