oil · export · shipment (нефть · экспорт · поставка)
Bloomberg reports that high volumes of Russian oil shipments are helping to support global oil supply amidst disruptions in deliveries through the Strait of Hormuz. Russia increased its June sea-based oil exports to record levels.
Consensus
- Russia's marine crude oil exports hit record levels in June since the start of the war with Ukraine.
- The increase in exports is linked to disruptions at Russian refineries caused by Ukrainian drone strikes.
- Global oil prices fell, leading to a drop in Russia's export revenues despite higher volumes.
Points of divergence
- Russia's crude oil export volume has increased due to the inability to process some of its oil domestically because of attacks on refineries. — tvrain
- The increase in exports is also attributed to disruptions in Persian Gulf supplies and a rise in stored crude volumes at sea, reaching 133 million barrels by mid-June. — meduza
Coverage (2 sources)
Key entities