Russian Oil Flows Edge Lower With Moscow Readying Sanctions Test
Shipments dropped for a second week, but remain above year-to-date average
Russia shipped 3.43 million barrels a day of crude in the week to April 28.
Photographer: Marcelo del Pozo/BloombergThis article is for subscribers only.
Russia’s crude flows fell for a second week in the seven days to April 28, with fewer vessels leaving the key ports of Primorsk on the Baltic and Kozmino on the Pacific. The four-week average was also down.
Despite the declines, crude shipments remain above their average for the year so far, with domestic oil processing still under pressure as refineries that have barely recovered from Ukrainian drone attacks enter seasonal maintenance.