"Russian crude oil exports by sea surged by 26% to 3.6 million barrels per day (bpd) in the week ending February 17"
"Russian crude oil exports by sea surged by 26% to 3.6 million barrels per day (bpd) in the week ending February 17"
Funny... the ACTUAL headline to the story you post is that Russian oil exports have jumped to their highest level IN A MONTH. That in no way refutes the claim that Russia has cut back on energy production this year. It only says that there was a shorter-term but temporary dip amidst the longer trend. The truth is that Russian energy production is down, but not calamitously.
GAS exports have fallen 45%, including exports to China. https://www.reuters.com/business/energy/russian-pipeline-gas-exports-europe-collapse-post-soviet-low-2022-12-28/
And they fell ANOTHER 30% in January since December.
https://www.reuters.com/business/energy/russian-piped-gas-exports-europe-falls-30-january-new-lows-data-2023-01-31/
"Russia's announced cut of 500,000 bpd in production for March could be a sign that Moscow may be struggling to place all of its barrels, or “an attempt to shore up oil prices,” the international agency said.A short term spike in exports can not compensate for a long term production cut. The long term effect is unchanged. Russia's energy production and revenues are going to take a huge hit this year.