Russia’s export of oil and fuel went down by 290,000 barrels per day (bpd) in August 2024 year-on-year to 7 mln barrels per day (mbd), reaching the lowest level since March 2021, News.az reports citing TASS.

By News.Az

Russia continues to play a key role in the global oil products market, actively expanding its exports to the Asian region. In July 2024, there was a significant increase in the export of Russian fuel oil and vacuum gas oil (VGO) by sea, made possible by the completion of seasonal maintenance at domestic refineries. The volume of shipments reached an impressive 4.05 million tons, which is 7% more than in the previous month. The main importers of Russian fuel were China and Saudi Arabia, highlighting their growing demand for Russian energy resources.