Russia’s Oil Exports Plunged to a 5-Month Low in April

Russian exports of crude oil and refined oil products fell in April to their lowest level in five months, according to estimates from the International Energy Agency (IEA). Russia exported a total of 7.3 million barrels per day (bpd) of crude oil and petroleum products in April, the IEA’s monthly report showed, as carried by Bloomberg. The shipments in April were 6.4% lower compared to the previous month, according to the IEA’s estimates. The lower Russian exports of both crude and oil products were the result of reduced refining…