HomeWorldRussia fails to find...

Russia fails to find new markets for its oil – Bloomberg

Photo: Sovcomflot (file photo)

In early December, the European market will close for Russian oil, but the search for new outlets for nearly 1.4 million barrels of oil per day in Russia has not yet been successful.

Russia began to have trouble finding new markets for its oil. On Monday, October 31, according to Bloomberg.

It noted that Moscow is trying to secure oil markets for itself by the time European Union sanctions on Russian offshore oil exports take effect on December 5.

Shipments from Russia rose for the seven days through Oct. 28, but the four-week average reversed in the opposite direction, according to Bloomberg data, with both figures pegging shipments at more than 3 million bpd only.

About 740,000 barrels a day of that total were shipped to European countries, a market that will largely disappear by the end of November.

In addition, Russia will lose distribution channels for another 650,000 barrels per day supplied to Poland and Germany through the Druzhba system. So, Moscow needs to find new markets for about 1.4 million barrels of oil per day.

Earlier, the World Bank said that after the introduction of restrictions on Russian oil supply in December, its exports will decrease by 2 million barrels per day.

Russia will not be able to restore its energy exports – IEA

News from Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

In Latka, the skeleton of the bend and posts (photographs) was struck

As a result of the Russian attack, the number of death in Latsk increased. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } Rescuers owed the body of a 27-year-old dead...

James Gunn confirms post-credit scene in ‘Superman’

With the next launch, the new creative director of the DC universe, James Gunn, confirms that 'Superman' will have scenes you creditsThe premiere of the new Steel Man movie is getting closer and closer and with it news is being released by the producers. 'Superman' will be...

Blackpink’s Jennie joins the list of ‘best albums of 2025, so far’

Blackpink member Jennie enters the list of 'best albums of 2025, so far' pleasing criticism; look!DIVA! With great influence on the music industry, Rolling Stone magazine shares annually in early June the 66 albums considered by its critics the best of the year so far. Including all...

5 Pixar movies that everyone needs to watch

In addition to Toy Story, who was the studio's first long -term movie; Check out 5 more Pixar animations that everyone needs to watch!How many Pixar movies have you watched? The studio, which emerged independently on February 3, 1986 launching only short films, took an important step...