Russia's oil exports hit lowest level since April
Russian oil exports have fallen to their minimum since April. Over the past four weeks, as of August 16, Russia averaged 3.58 million barrels of oil per day exported — the lowest figure since April 2026.
Consensus
- Russia's oil exports averaged 3.58 million barrels per day over the four weeks ending August 16.
- The decline in exports has been ongoing for five consecutive weeks.
- The Novorossiysk port has not dispatched any tankers in the past week.
- The drop in exports is attributed to attacks on Black Sea oil infrastructure by Ukrainian drones and missiles.
- The decline is the most significant over any comparable period since the start of the war with Ukraine.
Points of divergence
- The export drop is the lowest since April 2026. — tg_govorit_nemoskva
- The export drop is the most significant over any comparable period since war began. — tg_moscowtimes_ru
- The decline in oil exports is linked to the end of Russia's period of increased oil exports due to inability to fully process oil at domestic refineries. — tg_moscowtimes_ru
- Russia's oil production has been declining for eight consecutive months, reaching 8.89 million barrels per day in July, the lowest in six years. — tg_moscowtimes_ru
- The export drop reflects growing impact of attacks on port and oil infrastructure in the Black Sea. — tg_govorit_nemoskva
Coverage (2 sources)
- Export of Russian oil fell to minimum since April — Говорит НеМосква
- Export of Russian oil has suffered the sharpest decline since the start of the war due to the shutdown of the Novorossiysk port — The Moscow Times