Russian Urals Oil Exports to Turkey Hit 1.5-Year Low in May

Russian Urals oil supplies to Turkey decreased to their lowest level in nearly 18 months in May, according to recent data and trader reports. This decline may impact the market through supply disruption, potentially tightening the availability of Urals crude in the Mediterranean region. Traders focusing on Russian oil exports, as well as those involved in Turkish energy markets, are particularly exposed to these developments. The upcoming OPEC+ meeting will be a key event to watch, as any production adjustments or statements regarding supply strategies could further influence oil prices and market sentiment.

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