Russia's Crude Flows Fall Back as Major Ports Hit by Disruptions
Shipments drop from the largest Baltic and Pacific export terminals
Weekly flows through ports fell by 730,000 barrels a day.
Photographer: Marcelo del Pozo/BloombergThis article is for subscribers only.
Russia’s seaborne crude exports gave up all of the previous week’s gains as maintenance work at the Baltic port of Primorsk and strong winds around Kozmino on the Pacific Coast hit shipments from the two most important oil ports.
A three-day gap in the loading program for Primorsk indicates that the work there was planned, but it still cut flows to the lowest since September. To the east, high winds limited loadings from Kozmino again last week, after similar disruption earlier this month. Gusts reached more than 40 miles an hour in the second half of the week.