Created
: 2025.09.05
2025.09.05 20:42
Russia continues to find sufficient buyers for its oil despite increasing pressure from the US, as shown by data on seaborne oil exports published by Bloomberg, Commerzbank's commodity analyst Carsten Fritsch notes.
"These rose by almost 30% to 3.5 million barrels per day in the last reporting week. The less volatile 4-week average rose to 3.15 million barrels per day. Shipments to China and India in particular increased significantly. Exports to China reached their highest level since the end of January at 1.6 million barrels per day."
"Oil deliveries to India compensated for the previous week's decline with an increase to 1.34 million barrels per day. Apparently, the price discount for Russian oil is too tempting for buyers in China and India. In addition, the loss of refinery capacity as a result of Ukrainian drone attacks means that more crude oil is available for export in Russia."
"The damage to pipelines and export ports was apparently less severe than feared. Oil exports from Baltic ports also rose, even though one port was the target of a drone attack and a pipeline to the port was also damaged."
Created
: 2025.09.05
Last updated
: 2025.09.05
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy