Russia’s Seaborne Crude Exports Rise to a Four-Month High
Four-week average flows hit 3.5 million barrels a day
Four-week average flows hit their highest since June.
Source: DEA / C. SAPPA/De Agostini EditorialThis article is for subscribers only.
Russia’s oil flows are climbing steadily as Moscow’s adherence to a pact with Saudi Arabia to keep barrels off the global market shows signs of waning.
About 3.53 million barrels a day of crude was shipped from Russian ports in the week to Oct. 22, an increase of 20,000 barrels a day from the previous seven days, tanker-tracking data monitored by Bloomberg show. That lifted the less volatile four-week average to 3.5 million barrels a day, the highest since June, and up by about 610,000 barrels a day in the past two months.