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Market Data Suggest Russia Isn t Cutting Oil Production As Promised

The IEA Says Russia Isn t Cutting Oil Production As Promised

The IEA says that Russia hasn’t cut its oil production by 500,000 bpd and may even be looking to boost its output to make up for lost revenue.

Russia s Crude Oil Exports By Sea Continue To Climb

Russia s Crude Oil Shipments Hit Highest Since At Least Early 2022

Russian crude shipments have continued to rise over the past four weeks, despite Russia’s insistence that it is cutting oil production by 500,000 bpd and even more.

Russian Oil Exports Remain High Despite Production Cut

Russian oil exports continued to average 3.4 million barrels per day in the week through April 21.

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