Russia’s Crude-Export Data Show Compliance with OPEC+ Cuts Pledge
- Nation curbed Jan. crude exports by about 307,000 b/d
- Data on reduction in Russian fuel exports are harder to assess
Russia’s daily crude exports last month were 42,000 tons lower than the May-June average.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Russia met its target for crude-export cuts in January, complying with its pledge to allies in OPEC+, according to data from the country’s Energy Ministry.
The nation’s daily crude exports last month were 42,000 tons lower than the May-June average, according to people familiar with the data. That’s equivalent to about 307,000 barrels a day, based on the usual 7.33 barrels-per-ton conversion ratio for Russian oil.