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Russian Crude Shipments to Asia Plunge to Lowest Since March

Seaborne flows to Asian buyers have fallen by 500,000 barrels a day from the heights they reached between mid-April and mid-June

Loading crude at Russia’s Kozmino export terminal

Loading crude at Russia’s Kozmino export terminal

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Russia’s seaborne crude shipments to Asia have fallen by more than 500,000 barrels a day in the past three months, with flows to the region hitting their lowest levels since late March.

Shipments from Russia in the week to Aug. 26 gave up most of the previous gains on both a weekly and four-week average basis, according to vessel-tracking data monitored by Bloomberg.