Russia’s oil exports increased by 1.1% to more than 150 million tons in 2018

According to Prussian Energy Information London, Russian Customs Administration recently released statistics showing that Russia’s oil exports increased by 1.1% from January to December 2018, reaching 150.52 billion tons.

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Only in December, Russian oil exports fell 1.5% from a year earlier to 11.64 million tons, as Russian authorities demanded companies to increase sales in the domestic market.

Russia’s oil exports last year were mixed. At first, the volume of oil exports rose, then declined due to rising domestic prices and concerns about the impact of exports on domestic supply.

Russia exports diesel oil, aviation kerosene and fuel oil to the international market, but its gasoline exports mainly to the surrounding countries.

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