Russian oil storage

How much oil does Russia transfer a day?

An average of EUR 93 mn per day of Russian oil underwent ship-to-ship (STS) transfers in EU waters in February. 40% of these transfers were facilitated by tankers covered by G7+ insurance. How can Ukraine’s allies tighten the screws?

How much does Russia pay for fossil fuel imports?

The five largest Russian fossil fuel importing countries in the EU paid Russia a total of EUR 1.3 bn for their imports, over half of which were purchases of LNG. 356 vessels exported Russian crude oil and oil products in February, of which 167 were ‘shadow’ tankers.

Which country buys the most oil in Russia?

Oil products: Turkey, the largest buyer, has purchased 25% of Russia’s oil product exports, followed by China (12%), and Brazil (11%). LNG: The EU was the largest buyer, purchasing 50% of Russia’s LNG exports, followed by China (21%), and Japan (18%).

What is the price of oil in Russia?

The result is that the price of oil products in Russia has risen and continues to increase. Currently, the average price of gasoline is already $0.71 per liter (in December it was $0.60), and diesel fuel is $0.85 (in December it was $0.75). Gasoline exports are limited until the end of 2025.

How much oil does China import from Russia?

Crude oil comprised 70% (EUR 3.8 bn) of China’s imports from Russia. In February, India was the second-largest purchaser of Russian fossil fuels, importing commodities valued at EUR 3.83 bn. Crude oil accounted for 77% of these imports.

Why is the price of oil rising in Russia?

Since the beginning of 2025, oil facilities in ten regions of the aggressor country have been targeted. According to Ukrainian intelligence, around a third of Russia’s oil facilities, used for military purposes, have been damaged. The result is that the price of oil products in Russia has risen and continues to increase.