Daijiworld Media Network - Moscow

Moscow, Sep 24: Russia’s crude oil exports have surged to a 16-month high even as its refineries face ongoing drone attacks from Ukraine. Bloomberg vessel-tracking data shows that the four-week average exports from Russian ports reached 3.62 million barrels per day during the period ending September 21, the highest since May 5, 2024.

The increase comes as Russia boosts production under an OPEC+ agreement, raising output by over 400,000 barrels per day since March. Recent drone attacks on refineries have forced companies to divert crude to export terminals, further elevating export volumes. JPMorgan Chase & Co. estimates suggest refining operations have fallen below 5 million barrels daily, the lowest since April 2022, due to the attacks.

Typically, Rus

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