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Russian Oil Flows Hit New High But Slumping Prices Crush Income

Russian Oil Flows Hit New High But Slumping Prices Crush Income
Bloomberg Markets Tuesday 07 July 2026, 12:39 UTC By Julian Lee 1 min read
Key Points

Russian Oil Flows Hit New High But Slumping Prices Crush Income Urals prices back where they were before US, Israel launched campaign against Iran Tumbling oil prices and unsold barrels pose a double headache for the Kremlin, even as Ukrainian drone strikes on Russia’s refineries drive crude shipments to new highs. Four-week average seaborne crude shipments rose to 4.22 million barrels a day in the period to July 5, according to tanker-movements data compiled by Bloomberg.

Russian Oil Flows Hit New High But Slumping Prices Crush Income Urals prices back where they were before US, Israel launched campaign against Iran Tumbling oil prices and unsold barrels pose a double headache for the Kremlin, even as Ukrainian drone strikes on Russia’s refineries drive crude shipments to new highs. Four-week average seaborne crude shipments rose to 4.22 million barrels a day in the period to July 5, according to tanker-movements data compiled by Bloomberg. That was the highest since Russian troops invaded Ukraine in 2022, before which about 600,000 barrels a day was piped to refineries in Europe.
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