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2025-09-17 20:42:08
[The Ukrainian attack hit Russian crude oil exports hard, with the weekly decline setting a record for the year] ⑴ The Ukrainian drone attack on key Russian facilities led to a significant decline in cargo volumes at Baltic ports. As of the week of September 14, Russia's average daily offshore crude oil exports plummeted to 3.18 million barrels, a significant decrease of 934,000 barrels from the previous week. ⑵ The decline was the largest single-week drop since July last year, highlighting the immediate impact of geopolitical risks on energy supply. ⑶ The four-week average export volume, which has less volatility, still rose slightly to 3.46 million barrels per day, slightly higher than the revised value of 3.42 million barrels in the previous week, mainly due to the large export volume of Urals crude oil through the Black Sea and Baltic ports in the previous week. ⑷ The continued recovery of the four-week average data shows that the potential export trend has not yet undergone a fundamental reversal, but short-term fluctuations have had a significant impact on the market supply pattern.
