Crude oil supplies from Russia have fallen to their lowest level for 2022, following restrictions imposed on Russia over its invasion of Ukraine. This was reported by Bloomberg.
“The country's overall seaborne flows fell by 117,000 barrels a day to 2.615 million barrels on a four-week average basis,” the report said.
Russian oil cargoes for China, India and Turkey, which had become the Kremlin's salvation after European restrictions, declined for the third consecutive time.