Russia shipped 4.22 million barrels per day of crude in the four weeks to July 5, but tumbling crude prices are cutting the value of exports and slashing inflows that fund the Ukraine war. The reported volume is stable, yet lower pricing implies weaker revenue capture for the Kremlin, creating a negative fiscal/war-chest signal.
Russia shipped 4.22 million barrels per day of crude in the four weeks to July 5, but tumbling crude prices are cutting the value of exports and slashing inflows that fund the Ukraine war. The reported volume is stable, yet lower pricing implies weaker revenue capture for the Kremlin, creating a negative fiscal/war-chest signal.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.35
