Russia's crude oil exports rose to their highest level since before the 2022 invasion of Ukraine during 2026. The increase occurred amid a global rise in oil prices due to the Iran war fuel crisis.
The surge in exports followed a ban on jet fuel exports until November 30, prioritizing domestic supply. This measure restricted 30,000 b/d of export flows to Turkey’s airports.
Venezuela’s oil exports rose to 1.25 million b/d, marking the third consecutive monthly increase. The US received 558,000 b/d of the total, followed by India’s 427,000 b/d.