Russian oil exports drop sharply amid US sanctions
market hours1 source ↓written by the desknot a recommendation
- in November
- 420 kb/d
- as buyers reacted
- 6.9 mb/d
- to plummet
- $11 billion
- year-on-year
- $3.6 billion
- also fell
- $8.2
Russian oil exports fell by 420 kb/d in November, totaling 6.9 mb/d as buyers reacted to stricter US sanctions, according to the IEA. This decline caused revenue to plummet to $11 billion, a drop of $3.6 billion year-on-year. Urals crude prices also fell by $8.2 to $43.52/bbl, marking the lowest revenue since the Russia-Ukraine conflict began.
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