Russia cuts seaborne oil exports by 9% due to Ukraine’s strikes on refineries and tankers - Bloomberg
The aggressor country of russia has sharply reduced its seaborne oil exports due to numerous attacks by Ukrainian drones on russian oil refining facilities this year.
This is reported by Bloomberg, citing data from the analytical company Vortexa.
The data show that this year russia exported about 2.2 million barrels of oil products by sea daily. This is 9% lower than the average volume in 2023 and 10% lower than the level in 2022.
It is noted that these figures are even greater than the drop in oil refining in russia itself, which this year decreased by about 3% compared to 2023.
Amid the Ukrainian drone attacks, russia has tasked refineries with ensuring sufficient fuel for the domestic market, which could lead to a reduction in exports.
Senior market analyst at Vortexa Pamela Munger told Bloomberg that the year-on-year decline is most likely due to drone strikes on oil refineries.
The reduction in exports was also affected by the repair or maintenance season at facilities that provide secondary oil refining processes.
As Ukrainian News Agency earlier reported, in November, Reuters reported, citing sources, that at least three russian refineries could close in 2025 due to a reduction or complete shutdown of production.
Recall that in July, the North Atlantic Alliance stated that Ukraine's strikes on oil refineries and oil depots had knocked down russian oil refining by 17%.