Russia’s Seaborne Crude Shipments Rise to the Highest Since June
Refinery work is set to push processing to the lowest since 2022
Russia shipped 3.47 million barrels a day of crude in the four weeks to Oct. 20, the most since June.
Photographer: Carolina Cabral/BloombergThis article is for subscribers only.
Russia’s crude shipments rose for a fourth week to the highest since late June as seasonal maintenance is set to push refinery processing to its lowest in more than two years.
Four-week average cargoes jumped by 140,000 barrels a day in the week to Oct. 20 to reach 3.47 million. Refining is on course to slump to the lowest since May 2022, leaving more crude available for export.