Since Russia does not publish aggregate data on oil exports, its monthly earnings from crude oil sales abroad are difficult to estimate. In recent years, the country has exported about half of its crude oil production, which averaged 11.04 million barrels per day in January-February. On March 9, maritime exports, which represent the bulk of Russia’s oil flows, “continued comfortably” at about 4.9 million barrels per day, according to data and analytics firm Kpler.
This post Russia can still profit from oil gains, even if sanctions bite
was original published at “https://www.bloombergquint.com/politics/russia-can-still-profit-from-oil-s-gains-even-as-sanctions-bite”