Russia's oil exports see sharpest drop

Russia's oil exports see sharpest drop

Energy

Last week, Russia's seaborne oil exports experienced their steepest decline since November, following sweeping sanctions imposed by former U.S. President Joe Biden.

That is reported by Bloomberg, CE Report quotes Ukrinform.

Data from vessel tracking shows that 26 tankers loaded a total of 19.26 million barrels of Russian crude oil during the week ending January 19.

This volume decreased from 21.06 million barrels carried on 27 tankers in the previous week.

As a result, Russia's daily crude oil export flows over the seven days to January 19 fell by approximately 260,000 barrels, or 9% compared to the prior week, to 2.75 million barrels per day.

The last time a similar level was recorded was in the week ending November 24, when Russia exported 2.78 million barrels of crude oil via sea.

The decline in export flows from Russia’s Black Sea, Arctic, and Pacific ports was partially offset by increased shipments from the Baltic port of Primorsk.

Meanwhile, flows from the smaller Baltic port of Ust-Luga remain reduced following an unexpected drop in late December.

Overall, crude oil shipments from Russia during the first three weeks of 2025 amounted to approximately 340,000 barrels per day, marking a 10% decline from the average daily export levels of the previous year.

Tags

Related articles

Ministry Denies Eco-Tax Hike
The Ministry of Environment and Water has dismissed claims of a drastic rise in environmental taxes, calling recent reports of a 900% surge in eco-taxes on electric appliances baseless.
Moldova Adopts Uniform Gas Tariffs
Chisinau — Lawmakers in Moldova have adopted a bill in its second reading aimed at strengthening the country’s energy security through key reforms in the natural gas sector.
Sofia Backs Renewable Fuels
Sofia will host a renewable fuel awareness event this Friday as part of the European initiative Tour d'Europe, the Bulgarian Petroleum and Gas Association (BPGA) announced.
Italy Grants €14M to Moldova
Italy has pledged €14 million in new financial support to Moldova via the United Nations Development Programme (UNDP), aiming to strengthen social protection and energy resilience.
Moldova Backs €400M Loan for Energocom
The Moldovan government has granted a state guarantee to Energocom to secure a €400 million loan from the European Bank for Reconstruction and Development (EBRD).
EIB to Aid Bulgaria’s Coal Transition
Energy Minister Zhecho Stankov has signed a consultancy agreement with the European Investment Bank (EIB) to support the decarbonisation of Bulgaria’s coal-powered Maritsa East complex, the Energy Ministry announced Thursday.
Bulgaria Needs Four Reactors
Bulgaria should maintain at least four operational nuclear reactors, according to Bogomil Manchev, Chairman of the Bulgarian Atomic Forum (Bulatom), during an international nuclear energy conference near Varna.
Northeast Romania Leads in Energy Poverty
A new report from the Romanian Energy Poverty Observatory (ORSE) reveals that 30.9% of households in Romania's North-East region face extreme energy poverty, well above the national average of 20%.
Euro Adoption to Boost Bulgaria's Energy Sector
Energy Minister Zhecho Stankov said in an interview with bTV that Bulgaria’s adoption of the euro will benefit the energy sector by improving access to European funds for major projects like Kozloduy NPP’s units 7 and 8, as well as two planned pumped-storage plants in the Rhodope Mountains.