As acknowledged yesterday:
The EIA additionally launched an attention-grabbing evaluation yesterday indicating that sanctions have diminished Russian oil manufacturing. No given amount is expressed, however inferences are made primarily based on the distinction between the February 2022 forecast and precise outcomes.
Supply: EIA (2023).
The impression of the sanctions can also be illustrated by the low cost (continued) of the Urals in comparison with Brent:
Supply: TradingEconomics.com, accessed 8/11/2023.
The unfold is round $11.50 on the newest.