12:04 - 12.11.2025

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November 12, Fineko/abc.az. Offshore crude oil supplies from Russia have fallen for the third week in a row and dropped to a two-month low.

ABC.AZ reports, referring to Bloomberg, that the decline in supplies is exacerbating the drop in prices, which is hitting the Kremlin's military funds.

According to vessel tracking data compiled by Bloomberg, Russia shipped 3.45 million b/d in the four weeks to November 9: 31 tankers loaded 23.43 million barrels of Russian crude oil in a week. This is about 130,000 fewer than in the same period before November 2.

It is noted that the U.S. sanctions against Rosneft and Lukoil have prompted some buyers in Asia to declare that they will reduce purchases.

Nearly 35% of the oil loaded over the past four weeks is on tankers that have not yet reached their final destination. The final buyers will be known only after the arrival of these vessels, which may take up to two months.

Also, the cost of oil exports from Russia fell to its lowest level since August. In an average of four weeks, the gross value of Russia's exports fell by about $80 million to $1.28 billion. At the same time, both export volumes and prices decreased.