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Russian Oil Product Exports Reach Record High Despite Embargo

Russia exported a record volume of oil products in March as Moscow successfully developed alternative routes for its deliveries one month after a Western embargo came into force, the Vedomosti business daily reported Wednesday.  Supplies of seaborne Russian oil products totaled 3.13 million barrels per day (bpd) in March 2023, according to the commodities analyst Kpler, a 31.2% year-on-year increase and just over the previous record of 3.1 million bpd exported in February 2022, the month Russia invaded Ukraine.

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