Russia said it would cut crude exports during the first quarter of 2024 by 300,000 barrels a day from their average May-June level as part of a wider OPEC+ initiative to avert a surplus and support oil prices. Seaborne shipments in the first three months of the year exceeded that level by just 16,000 barrels a day.
Russia’s Oil Exports Surge to Their Highest for the Year So Far - Bloomberg