In the first 15 days of May, Russia processed 5.45 million barrels of oil per day, which was 4% higher than the April level.
Russia’s four-week oil export average fell, with supplies hitting a two-month low ahead of the OPEC+ meeting. Bloomberg wrote this on Tuesday, May 28.
It was noted that the increase in flows from the Pacific ports of the Russian Federation was more than offset by the decrease in volumes from the Black Sea and the Arctic. Cargo traffic from Russia’s Baltic ports was unchanged compared to last week.
Russia pledged to pay for excess oil production compared to the plan in April.
A reduction in production will lead to a reduction in supplies abroad. In the first 15 days of May, Russia processed 5.45 million barrels of oil per day, up 4% from April levels after repairs to oil refineries damaged by Ukrainian drone strikes.
The drop in supply volume was further complicated by the weekly drop in prices, which led Russian supplies to fall to a 10-week low.
Let’s recall that in April, the export of oil and petroleum products from Russia fell to the levels last observed at the end of 2023 due to the attacks of Ukrainian drones.
Meanwhile, disagreements remain among EU countries over measures aimed at Russia’s so-called “shadow fleet” – semi-legal oil tankers.
Source: korrespondent
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