RUSSIA KEEPS CRUDE EXPORT VOLUMES AT WESTERN PORTS SO FAR IN APRIL ON PAR WITH MARCH LEVEL, AT 2.2 MILLION BPD || RUSSIA COULD INCREASE SEABORNE CRUDE EXPORTS IN MAY AS PORT CAPACITY HAS BEEN RESTORED AND WEATHER WILL…

Russia has maintained crude oil export volumes at its western ports at 2.2 million barrels per day (bpd) for April, consistent with March levels. This stability in supply could affect global oil prices through the channel of supply dynamics, particularly as traders assess the balance between demand and available supply. The potential for increased seaborne crude exports in May, driven by restored port capacity and favorable weather conditions, may heighten market volatility, especially for oil futures and related equities. Traders will be closely watching upcoming reports on global oil inventories and OPEC+ production decisions for further indications of market direction.

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