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Russian oil exports hit a 16-month high, defying U.S. pressure despite falling revenues.
Russian crude oil exports via sea averaged 3.62 million barrels per day over the past four weeks, reaching a 16-month high, according to Bloomberg vessel-tracking data, despite U.S. efforts under President Trump to pressure global buyers.
India, China, and several European nations continue significant imports, defying sanctions and tariffs, with India citing economic concerns and demanding U.S. relaxation on Iranian and Venezuelan oil.
Export value rose to $1.57 billion in the week ending September 28, up $240 million, possibly due to rerouted crude from damaged refineries.
While exports remain strong, Russia’s oil and gas revenues are projected to drop 23% in September due to lower global prices and a stronger ruble.
Las exportaciones rusas de petróleo alcanzaron un máximo de 16 meses, desafiando la presión estadounidense a pesar de la caída de los ingresos.