Russia’s Seaborne Crude Flows Surge to Highest Since April
A jump in Baltic shipments helped crude volumes rise to 3.8 million barrels a day last week
Russia’s seaborne crude flows soar.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Russia's seaborne crude exports soared last week to the highest level since April, suggesting that the country has -- for now -- overcome an initial hit to flows that followed European sanctions.
Aggregate volumes of Russian crude rose by 876,000 barrels a day, or 30%, to 3.8 million in the week to Jan. 13. Baltic shipments were up by 626,000 barrels a day from the previous week, while those from the Black Sea and the country’s Pacific ports also expanded.