Russia’s Crude Shipments Slump on Lower Arctic, Black Sea Flows
Drop comes as India says it could take more, if the price is right
The oil tanker Turbo Voyager, laden with Russian crude, passes the BBC Lisbon general cargo vessel in Denmark’s Great Belt. Russia shipped 3.32 million barrels a day of crude in the four weeks to Nov. 3.
Photographer: Carsten Snejbjerg/BloombergRussia’s seaborne crude exports plunged in the latest week, with the biggest decline since early July dragging down the four-week average.
Weekly flows dropped by about 530,000 barrels a day in the period to Nov. 3, as Russia made no shipments from the Arctic port of Murmansk and just one from Novorossiysk on the Black Sea. Four-week exports fell by 90,000 barrels a day, extending their decline for a second week, despite major ports on the Baltic and Pacific coasts operating near peak levels.