Russia's Crude Exports Slide as Lucrative Pacific Trade Declines
Total seaborne shipments fell by more than 500,000 barrels a day, with all the drop coming at Pacific ports
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Russia’s seaborne crude exports fell back sharply from the previous weeks’ highs, with Moscow unable to maintain record flows from the country’s Pacific ports.
Overall seaborne shipments shrank to 3.11 million barrels a day in the seven days through Friday, a 14% week-on-week decline. The less-volatile four-week average also retreated.