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Russia’s Slump in Oil Exports Abates, Moscow’s Revenues Go Up

Russian shipments stabilize

Russian shipments stabilize

Photographer: Marcelo del Pozo/Bloomberg

Russia’s seaborne crude shipments have stabilized at a level about 500,000 barrels a day below the peak they reached after Moscow’s troops invaded Ukraine in February and remain little changed from where they were before before the attack.

Outflows rebounded in the week to July 29, hitting a four-week high of 3.5 million barrels a day, according to vessel tracking data monitored by Bloomberg. But four-week average shipments, which smooth out some of the volatility in weekly figures, were little changed at about 3.2 million barrels a day.