Russian Crude Exports Slide on Drone Strikes and Trump's Tariffs
Russian crude oil exports have declined significantly in recent weeks, dropping by around 600,000 barrels per day. This reduction in exports is attributed to two main factors: 1. Drone Strikes: Drone attacks on Russian oil infrastructure have disrupted production and transportation, leading to a decrease in the available crude oil for export. 2. Trump Administration Tariffs: The Trump administration's imposition of tariffs on Russian oil imports has also contributed to the decline in Russian crude oil exports, as the tariffs have made it more challenging for Russia to sell its oil on the global market. The combination of these factors has resulted in a substantial drop in Russian crude oil exports over the past two weeks. This development is likely to have a significant impact on the global oil market, as Russia is a major producer and exporter of crude oil.
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