OPEC+ Exports Fall In January But Russia Defies Gravity
January is in the bag and with two full months of Russian crude export sanctions under our belt, it is safe to say, as of this moment in time, they (sanctions) are not working.
As you can see in the chart above, Kpler's data on Russia's seaborne crude exports show a reading of ~5.15 million b/d. That's an increase of ~800k b/d m-o-m. That's incredible.
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