Russia is on track to ship its highest amount of oil products since the war as Europe struggles to wean itself off Russian energy supplies

Russia is on track to ship its highest amount of oil products since the war began.

Russia shipped 2.657 million barrels of oil products in the first three weeks of November, up from 2.223 million for all of October and approaching the 2.938 million barrels shipped in February, when Russia began its invasion.

Russia is still Europe's largest single refined oil products supplier, with shipments of diesel-type fuel to the EU and UK averaging 1.34 million barrels a day so far this month, compared to the 1.5 million shipped in April and 1.7 million shipped in October.

Russian diesel-type shipments to Europe this month are about half of what Europe bought overall, meaning the continent remains heavily reliant on Moscow ahead of the EU's ban on Russian oil products in February.

The embargo on refined products will go into effect on Monday.

After the embargo kicks in, it will be hard to find alternative oil products. There is little margin to send more to Europe because of the limited refining capacity.