Russia's Crude Flows Surge as Black Sea Port Rebounds From Storm
Impact of a five-month high in weekly shipments muted by earlier disruptions
Russia shipped about 3.2 million barrels a day of crude in the four weeks to Dec. 10.
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Russia’s seaborne crude exports climbed on a four-week average basis, driven by a big jump in weekly flows after storms that disrupted Black Sea shipments finally abated. Loadings soared at the port of Novorossiysk, with a full week of uninterrupted activity.
About 3.2 million barrels a day of crude were shipped from Russian ports in the four weeks to Dec. 10, tanker-tracking data monitored by Bloomberg show. That was up by 114,000 barrels a day from the revised figure for the period to Dec. 3. The more volatile weekly average leaped to the highest since early July.