Russia's July Sea Oil Exports Fall 33%
Russia's exports of seaborne oil products decreased by 33.3% in July, reaching 3.93 million tons compared to June. This decline was due to Ukrainian drone attacks on Russian refineries. These attacks led to the suspension or slowdown of production and export activities at several key ports, including ports on the Black Sea and the Sea of Azov, where shipments notably declined—particularly from the ports of Murmansk and Arkhangelsk, which saw an 85.4% decrease. These declines come amid intensified Ukrainian attacks on Russian oil infrastructure, impacting the oil market and redirecting Russia's exports through alternative routes.
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