Russia is struggling to capitalise on the surge in global oil prices due to drone attacks and bad weather. Despite a rise in demand and potential increases in physical oil exports, Russia has been unable to meet this demand. Exports from Russia's three main western ports could fall to as low as 1.7 million barrels per day (bpd), down from the initial plan of 1.8 million bpd. The decline in exports is driven by low loadings from the Black Sea port of Novorossiysk, which may halve in March from February levels due to regular drone strikes and weather issues.