1. Russia Seaborne Oil Exports Plunge on OPEC+ Compliance and Higher Runs - Russia’s crude oil exports have plunged to a 7-month low, averaging only 3.1 million b/d over the past four weeks, coming on the back of the country’s growing OPEC+ compliance and a recovery in domestic refining. - Russia’s crude production came in at 9.078 million b/d in June as per the country’s Energy Ministry, which is still about 100,000 b/d higher than its assumed OPEC+ target but well below output levels seen in Q1. - The…
