Fuels Statistics 2023

RUSSIA The effects of the Russian invasion on the downstream sector.

The majority of Russian crude imports were replaced with American crude in 2022 Unlike crude, the replacement of Russian oil products was sourced from a larger mix of countries In December 2022, G7 countries introduced a price cap of per barrel on international Russian crude oil sales $60

Russian imports decreased by 95% Diesel took longer to phase out following Russian crude by 2 months


Fuels Statistics 2023

Made with FlippingBook Annual report