Russia will indeed reduce the volume of oil exports to other countries. In addition, sales from Western ports will be reduced to 200 thousand barrels per day. In this respect informs Reuters, citing the source.
According to the agency, statistics on oil production in Russia are closed, and the government also did not specify from which month the announced 500,000-barrel drop is expected. However, sources state that the Russian side has decided to fulfill its obligations.
Market experts also confirm Russia’s plans to reduce the volume of oil supplies abroad. For example, the supply from the ports of Novorossiysk in the Black Sea and Primorsk and Ust-Luga in the Baltic will decrease to 1.9 million barrels per day. At the same time, it was at 2.3 million barrels a month a month ago and was at about 2.4 million barrels per day in May.
In the report of the International Energy Agency (IEA) July 13 reportedIt was reported that Russian oil and petroleum products exports decreased by 600 thousand barrels per day (v/d) in June to 7.3 million barrels per day, the lowest level since March 2021.
Previously reported About Russia’s plans to voluntarily reduce oil exports.