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Russian Crude Shipments Shrink 25% in Just One Week

  • Exports were down by 25% nationwide in the week to April 15
  • Volumes headed to Asia from country’s western ports tumbled

Seaborne flows of Russian crude oil declined by a quarter in the seven days to April 15. Volumes heading to Asia from ports on the Black Sea, Baltic and Arctic coasts plunged to the lowest in two months.

A total of 30 tankers loaded about 21.8 million barrels from Russian export terminals, according to vessel-tracking data monitored by Bloomberg and port agent reports. That put average seaborne crude flows at 3.12 million barrels a day, down by 25% against the week ended April 8.