29 December 2022 | Other

Russian oil exports shrank by 22% in December

Since the EU imposed oil sanctions on Russian oil shipments by sea, their volume has decreased by 22%. Thus, the indicator fell to 2.5 barrels per day, based on the data from Kpler. 

Experts believe that this drop is due to the embargo imposed by European countries, and a price cap on Russian crude oil. The EU and G7 countries, along with Australia, have already introduced limitations on fuel coming from Russia. The drop may also take place amid adverse weather conditions in the region and reduced demand from China given the anti-COVID measures. 

EU sanctions on Russian oil entered into force on December 5, 2022. This week, Russian officials announced retaliatory measures, prohibiting oil producers from selling fuel under contracts that directly or indirectly contain a "price cap mechanism". The ban will take effect in the first half of February 2023. Meanwhile, a price threshold for petroleum products from Russia is also going to be introduced, along with the embargo by the European states taking force. 

Company MarketCheese
Period: 14.08.2026 Expectation: 700 pips
Selling AUDUSD down to 0.68700
Today at 11:39 AM 6
Period: 21.07.2026 Expectation: 3000 pips
BTCUSD sell-off targets $59,700 amid continued bearish attacks
Today at 10:39 AM 8
Period: 28.07.2026 Expectation: 4200 pips
Buying Tesla stock on strong operational results and optimistic earnings expectations
Today at 09:17 AM 11
Period: 31.07.2026 Expectation: 1000 pips
Go short on SPX if hot inflation finds confirmation
Today at 09:08 AM 15
Brent sell
Period: 21.07.2026 Expectation: 600 pips
Sell Brent crude with $78 target as post-rally correction looms
Today at 05:49 AM 10
Period: 31.07.2026 Expectation: 180 pips
Go short on ​​USDCAD with 1.41395 in sight
Today at 04:58 AM 6
Go to forecasts