Russia’s Seaborne Crude Exports Are Battered by Winter Storms
Weekly flows slump to the lowest in almost two months
High winds and freezing temperatures hit Russia’s crude exports from the key Pacific port of Kozmino in the week to Jan. 28.
Photographer: Dmitry Beliakov/Bloomberg
This article is for subscribers only.
Russia’s seaborne crude shipments fell further last week, with flows from a key Pacific port that supplies Chinese buyers halted for five days by high winds and freezing temperatures.
About 3.09 million barrels a day of crude were shipped from Russian ports in the four weeks to Jan. 28, tanker-tracking data monitored by Bloomberg show. That was down by about 250,000 barrels a day from the revised figure for the period to Jan. 21.