Russian Oil Dries Up - Joe Blogs

[TexasTowelie]

Russia’s oil industry is facing its worst conditions since the war in Ukraine began.

In this video, I go through the latest data showing a sharp fall in Russian oil prices, declining export volumes, and a collapse in export revenues. Despite continued production, Russia is struggling to sell its oil, with a record amount now sitting on tankers at sea.

Sanctions, shipping constraints, and heavy price discounts are hitting the sector that underpins the Russian economy. As prices fall and fewer barrels are sold, oil income is drying up — placing growing pressure on Russia’s budget and wider economy.

I break down:
• Why Russian oil prices have fallen so sharply
• How sanctions are reducing exports and revenues
• What record tanker storage reveals about demand
• Why this matters for Russia’s economy and finances
• And what this means for Russia as the pressure continues to build.

Chapters:
0:00 Intro
1:07 PRICE
3:08 VALUE
6:20 AT SEA
8:18 TANKERS
9:02 BUYERS
13:42 SUMMARY & CONCLUSION