Russia August Primorsk Oil Exports to Reach Five-Year Low
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Russia plans to ship less than 1 million barrels a day of Urals crude from the port of Primorsk for a third month, with shipments set to drop to the lowest in more than five years, a preliminary loading program showed.
The Baltic Sea port will handle 38 cargoes of 100,000 metric tons each in August, or 898,516 barrels a day, according to a schedule obtained by Bloomberg News. That’s 0.8 percent less than July. Prior to June, Primorsk had loaded more than 1 million barrels a day every month since at least March 2008, when Bloomberg began tracking the data.