Russia Ramps Up Fuel Exports, Undermining Part of OPEC+ Pledge
- Weekly fuel shipments jump on diesel, gasoil and naphtha flows
- End of seasonal refinery works and Black Sea halts raise rates
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Russia’s oil product exports have surged this month, buoyed by higher diesel and naphtha outflows as local refiners scale up operations.
Shipments from Russia averaged 2.4 million barrels a day in the four weeks through Dec. 17, according to data compiled by Bloomberg from analytics firm Vortexa Ltd. That’s the highest volume since mid-September.