40% of Russian oil export capacity suspended - Reuters 0

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40% of Russian oil export capacity suspended - Reuters

Due to attacks from Ukraine and delays of tankers from the so-called 'shadow fleet' of Russia, at least 40% of Russian oil export capacity has been temporarily suspended, calculated the Reuters agency, as reported by LETA citing Meduza.

"These are the most serious disruptions to oil supplies in modern Russian history, and this has happened just as oil prices reached $100 per barrel due to the war with Iran," notes Reuters.

The agency believes that oil supplies through both Baltic export ports — Primorsk and Ust-Luga — have been halted. In the Black Sea export port of Novorossiysk, transshipment volumes are below planned levels. In March, all three ports were struck by Ukrainian drones.

Additionally, oil supplies through the Druzhba pipeline, which were halted at the end of January, have still not resumed, Reuters reminds.

Furthermore, recently in Europe, tankers from Russia's so-called 'shadow fleet' have increasingly been delayed. This has interrupted oil supplies from Murmansk — about 300,000 barrels per day, oil traders told Reuters.

According to the agency's information, oil supplies to China (about 1.9 million barrels per day) and Belarus (approximately 300,000 barrels per day), as well as supplies from the Sakhalin-1 and Sakhalin-2 projects (about 250,000 barrels per day) remain unchanged.

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