By using this site, you agree to our Privacy Policy and our Terms of Use. Close

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