In the four weeks until November 5, 3.48 million barrels of crude oil per day were shipped through Russian ports. This was reported by bloomberg with reference to our own tracking data.
It is stated that this level is close to the maximum. The highest shipment volumes were recorded in the period from April to May 2023. Then there was a decrease in supply volumes, the figures reaching a minimum level at the end of July.
Before that, President of Kazakhstan Kassym-Jomart Tokayev aforementionedIt is predicted that more than 100 million tons of Russian oil will be transferred from Kazakh territory to China by 2033.
According to him, oil transportation through the territory of Kazakhstan and Russia has a significant share in the fuel and energy complexes of both countries.
ICE trade data to showThe price of Brent oil for January delivery immediately fell to $83.26, the lowest since Oct. 6, 2023, he said.
Previously recognizedWhen oil prices fall to $50 per barrel.