Russia’s Oil Export Surge Runs Into a 135 Million-Barrel Traffic Jam
Ukraine’s refinery strikes have cut domestic processing and pushed Russian crude exports into a sea-bound logjam, with weekly export value down about $200 million, Bloomberg said.
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Russia Turns to India for Petrol as Ukraine Strikes Cripple Refineries; More Fuel Shipments Likely
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Russia’s Oil Export Surge Runs Into a 135 Million-Barrel Traffic Jam
Nearly 135 million barrels of Russian crude oil are currently stranded at sea as a result of Ukraine’s airstrike campaign targeting refineries with the intent to cripple crude processing. The offshore backlog is forcing Moscow to significantly ramp up export volumes. Intensive Ukrainian drone strikes, including recent hits on the Gazprom Neftekhim Salavat and Afipsky processing facilities, have knocked out roughly one-third of Russian domestic r…
Russia's oil product exports by sea in the first half of July fell by half compared to the previous month, to about 1.6 million tonnes. The reason was lower refinery operations and an export ban, which limited the volume of supplies intended for foreign markets, Reuters reported on Wednesday, citing sources and figures from LSEG.
A month’s worth of Russia’s oil exports is stuck at sea—135 million barrels loaded but not delivered
Ukraine's strikes on Russian refineries are pushing Moscow to export crude it can no longer process at home, Bloomberg reported. Buyers are not taking it fast enough, so Russian oil is piling up on tankers at sea. The value of those exports keeps sliding, and tanker loadings dipped in the week to 12 July. Sanctions were supposed to choke the money, yet Russia keeps its crude moving on a sprawling fleet of tankers bound for Asia — the very chain …
Russia has faced serious difficulties with the sale of crude oil, which is being forced to export more actively due to the reduction of domestic processing after successful strikes by Ukrainian drones on oil refineries (refineries).
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