Russian Weekly Oil Exports Drop 26% as Buyers Look Elsewhere
Exports slid to 3.63m b/d in week of March 17-23: data
Many buyers are seeking alternatives to Russian energy
By
Bloomberg News
Updated on
Russia’s oil exports shriveled by more than a quarter in the week March 17-23 compared with the prior week, according to industry data.
The country’s average daily shipments reached 495,300 tons, down 26.4% from the week before, according to figures seen by Bloomberg. That’s equivalent to about 3.63 million barrels a day.
