Oil exports from Russia to non-CIS countries collapsed sharply in January-February 2021. This was reported by Interfax with reference to the operational summary of the Central Dispatch Office of the Fuel and Energy Complex (CDU TEK).
According to him, supplies of Russian oil fell by 21.6 percent in two months compared to the same period last year and amounted to 32.83 million tons. The average daily export level was 4.08 million barrels. In February alone, supplies fell by 25.2 percent, to 15.39 million tons. The average daily rate was 4.03 million barrels. In January, Russian oil exports to non-CIS countries fell by 18.3 percent to 17.42 million tons.
At the same time, in the first two months of this year, Russia has increased oil supplies to neighboring countries. They increased by 232.7 percent and amounted to 2.36 million tons.
Earlier it was reported that cold weather collapsed oil production in Russia in February, which did not allow the country to increase production as agreed in the framework of OPEC +. From 1 to 25 February 2021, the average level of oil production in Russia ranged from 9.153 million barrels to 10.093 million barrels per day. This is 30 thousand or 77 thousand barrels less compared to January.
In 2020, oil supplies from Russia to non-CIS countries dropped to their lowest levels in 16 years. The reasons were the coronavirus pandemic, which sharply reduced the demand for fuel, as well as the terms of the OPEC + deal.