How to Make Sense of Russia’s Contradictory Oil Data
Production is falling yet seaborne shipments have jumped
Russia’s refineries are slowing, diverting crude for export
Bloomberg News
Data on Russia’s oil industry can be downright confusing.
The country has been entangled in a web of restrictions since the invasion of Ukraine, from outright import bans to shipping problems and buyers’ strikes. The real impact of these overlapping measures is hard to gauge, with key statistics pointing in different directions.
