Russian Oil Flows Dip as US Sanctions, Saudi Supplies Loom

Russian oil exports declined amid new U.S. sanctions and increased Saudi Arabian crude shipments to global markets. Saudi Arabia increased its oil exports in early 2026, expanding its market share. The U.S. imposed additional sanctions on Russian energy sectors in January 2026, according to the U.S. Treasury Department. Global oil prices adjusted as supply dynamics shifted between Russian and Saudi producers.

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