Bloomberg: Russia boosts refinery and exports, promising to cut production

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Russia is increasing its crude oil exports, and the processing of this raw material exceeds last year’s levels, so it has not yet been possible to confirm the production cut promised by the Russian authorities. Bloombergreferring to data on the supply and workload of oil refineries (refineries).

According to experts, achieving a new export maximum was made possible by high demand from China, India and Turkey. The publication said that the total volume of crude oil on ships going from Russia to these countries or without a specific destination increased for the second week in a row, reaching a record level of 3.35 million barrels per day.

Exports of Russian oil to European countries by sea were recorded at the level of 83 thousand barrels per day for 28 days until April 21. Bulgaria was the only target. Deliveries to Turkey in the same period fell to 104,000 barrels, a five-week low.

12 April Bloomberg He wrote that the volume of oil exported by Russia through ports decreased to the level of 2.9 million barrels per day.

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