Russia’s Crude Exports Start 2024 in Line With Pledged OPEC+ Cut
Shipments were 300,000 barrels a day below May-June average in the first week of 2024
Russia’s seaborne crude flow falls into line with Moscow’s promise to its OPEC+ partners.
Photographer: Carolina Cabral/BloombergThis article is for subscribers only.
Russia’s seaborne crude shipments began 2024 exactly in line with Moscow’s pledge to cut the country’s exports as part of the wider OPEC+ effort to stabilize global oil markets.
About 3.34 million barrels a day of crude were shipped from Russian ports in the four weeks to Jan. 7, tanker-tracking data monitored by Bloomberg show. That was down by 120,000 barrels a day from the period to Dec. 31.