Russia Ships 3.89 Million BPD of Crude, Highest This Year as Ukraine Strikes Hit Refineries
Updated
Updated · Bloomberg · Jun 23
Russia Ships 3.89 Million BPD of Crude, Highest This Year as Ukraine Strikes Hit Refineries
3 articles · Updated · Bloomberg · Jun 23
Summary
3.89 million barrels a day of crude left Russia on a four-week average basis through June 21, the country’s highest export pace so far in 2026.
Ukraine’s continuing strikes on Russian refineries may be pushing more unprocessed crude onto export markets by limiting how much oil can be refined at home.
India, a key buyer of Russian barrels, is becoming harder to defend as a market after a US sanctions waiver released more Iranian cargoes into competition.
The stronger export flow shows refinery disruptions have not curbed Russia’s crude shipments, but they are colliding with tougher rivalry from Iran abroad.