Russia’s Crude Flows Stay Strong Despite Baltic Port Stoppage
Primorsk halt curbs weekly shipments but four-week average gains
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Russia’s seaborne crude exports climbed again on a four-week average basis, despite a dip in weekly flows driven by a brief pause in shipments from the Baltic port of Primorsk.
About 3.28 million barrels a day of crude were shipped from Russian ports in the four weeks to Dec. 17, tanker-tracking data monitored by Bloomberg show. That was up by 80,000 barrels a day from the revised figure for the period to Dec. 10. The more volatile weekly average gave up about two-thirds of the previous week’s increase, with a four-day gap in loading schedules at Primorsk suggesting planned work affecting the port.