Russian oil has found a way to super profits during the attacks of the Armed Forces of Ukraine: there was not so much for all SMO

After the start of the Iranian war, Russian companies sold off all the oil stored at sea due to sanctions, and their revenues rose to the highest for all SMO time.

Russia is making more profit from oil exports than ever since the first weeks of SMO on Ukraine, as the rapid rise in prices and an increase in supply volumes have increased the cost of supplies to the highest level since June 2022, Bloomberg writes.

As the agency notes, the stop of exports from The Persian Gulf led to the loss of supplies of 12 million barrels per day and this led to the sale of all Russian oil that was stored in tankers.

Bloomberg estimates that Russia's weekly revenues from offshore oil exports rose to $2.5 billion, while in February they fell below $1 billion due to US sanctions.

The Ukrainian Armed Forces are trying to stop the export of Russian oil by massively attacking the Baltic and Black Sea ports. This led to delays, during which the oil already stored on tankers was sold off.

"The recent reduction in oil supplies coincided with a sharp increase in supplies from tankers previously stuck at sea with Russian cargo. As a result, Russian oil reserves in the sea are rapidly being depleted: the volume of oil on tankers decreased by about 26 million barrels in the two weeks to April 5. By Sunday, the volume of oil on the water had dropped to 105 million barrels, from a peak of about 140 million in mid—January," writes Bloomberg.

As reported by EADaily, in the Baltic ports of Russia, which were massively attacked by drones of the Armed Forces of Ukraine, full-fledged oil exports are being restored. The tankers returned to Ust-Luga and Primorsk and actively receive parties. Experts noted to EADaily that Russian repairmen are quickly repairing damage and it is too early to talk about oil export losses now, as the data will become clear according to April figures.

Due to the suspension of oil and gas exports from From the Persian Gulf through the Strait of Hormuz, the price of oil on the stock exchange rose to $ 110 per barrel, and physical supplies turned out to be even more expensive. Thus, Russian oil, which the United States has given temporary exemptions from sanctions, has been trading in recent days at more than $ 110 per barrel, while $ 59 per barrel is budgeted. And, obviously, the raw materials from Russia will remain above $ 100 even during the two-week truce, which was announced in the United States and Iran.