Trade The World
Russia exports less crude oil despite a hike in production target – Commerzbank
Par FXStreet Insights Team
Date de publication: 11 Jul 2025 | Date de modification: 11 Jul 2025
POPULAR ARTICLES
According to Bloomberg data, Russia's seaborne crude oil exports fell to an average of 3.12 million barrels per day in the past four weeks, Commerzbank's commodity analyst Carsten Fritsch notes.
According to Bloomberg data, Russia's seaborne crude oil exports fell to an average of 3.12 million barrels per day in the past four weeks, Commerzbank's commodity analyst Carsten Fritsch notes.
Russian oil exports hit four-month low
"This is the lowest level in more than four months. The increase in the production target set by OPEC+ has therefore not yet been reflected in higher oil shipments. One factor could be that Russia is unable to increase production as much as agreed because it first has to make compensatory cuts to offset previous overproduction."
"In addition, demand from Russian refineries has risen in recent weeks, reducing the quantity of oil available for export. The lower oil supply from Russia is probably one reason why oil prices have so far been able to absorb the significant increase in OPEC+ production so well."
FXStreet
Plus d’un million d’utilisateurs se tournent vers FXStreet pour des données de marché en temps réel, des outils de graphiques, des analyses d’experts et des actualités Forex. Leur calendrier économique complet et leurs webinaires éducatifs aident les traders à rester informés et à prendre des décisions éclairées. FXStreet s’appuie sur une équipe d’environ 60 professionnels répartis entre le siège de Barcelone et diverses régions du monde.
Read More
