Russian Oil Exports Surge With Days to Go Until Cuts Begin
Shipments rise to the highest in more than a month, with all regions showing an increase in crude flows
Russia’s seaborne crude exports rebound.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Russia's seaborne crude exports jumped last week, with just days to go before the world's third-largest producer is due to cut output.
The country exported 3.6 million barrels a day from its ports in the seven days through Friday. That was a 26% hike in what are noisy weekly data. Flows climbed to multi-week highs from all its Baltic, Black Sea, Arctic and Pacific terminals. A less-volatile four-week average of exports also rose.