Russia’s Seaborne Crude Exports Slowly Recover From 11-Month Low
Shipments remain 500,000 barrels a day below their April high
Russia shipped 3.19 million barrels a day of crude in the four weeks to August 11.
Photographer: Ali Mohammadi/BloombergThis article is for subscribers only.
Russia’s oil exports are showing signs of recovery, albeit bringing little benefit to the nation’s exporters because of declining prices for the barrels.
The country’s four-week average flows had their second straight increase, recovering slowly from a slump that took them to an eleven-month low in late July. The gross value of those shipments was little-changed at $1.58 billion a week.