Russian Oil Flows Edge Lower But Evidence of Cuts Remains Scant
Seaborne crude exports are still well above levels seen in February, the baseline month for cuts
Russian crude oil flows to international markets have begun to drift lower, but they remain well above February levels.
Source: DEA / C. SAPPA/De Agostini EditorialThis article is for subscribers only.
Russian crude oil flows to international markets have drifted lower, while remaining well above levels seen in February, the baseline month for the country’s pledged output cuts.
Four-week average seaborne shipments, which smooth out some of the volatility in weekly numbers, edged down in the period to June 18 to 3.63 million barrels a day from 3.66 million in the period to June 11.