BAKU, Azerbaijan, December 19. Russian oil export volumes saw a decrease of 200,000 b/d in November, reaching 7.2 mb/d.
According to the data received by Trend from the International Energy Agency (IEA), the country's crude exports decreased by 290,000 b/d, while products gained 80,000 b/d.
In particular, the drop in crude exports to China (down by 70,000 b/d month-on-month) and India (down by 590,000 b/d) was balanced by increased exports to Türkiye (up by 110,000 b/d) and other countries.
However, as the agency pointed out, some 150,000 b/d supplied to unknown destinations were insufficient to compensate for the losses in India and China. At the same time, pipeline exports remained stable throughout the reporting month.
The IEA noted that a surge in Russia's residual fuel oil exports contributed to an overall increase in product exports. While there were decreases in product exports to China (down by 210,000 b/d) and the Middle East (down by 110,000 b/d), these were counterbalanced by elevated exports to Türkiye (up by 130,000 b/d), India (up by 150,000 b/d), and Latin America (up by 140,000 b/d). Additionally, there is still an unspecified destination for another 350,000 b/d as of Dec. 19.
Meanwhile, in November, Russian crude export prices experienced a decrease of $9.30/b compared to their October average, which had exceeded $80/b.