Russia’s Seaborne Crude Exports Jump Before Pivotal OPEC+ Talks
Flows from western ports surge, with impact of sanctions muted after two years
Russia shipped 3.13 million barrels a day of crude in the four weeks to Dec. 1 after a sharp rebound in weekly flows.
Photographer: Ali Mohammadi/BloombergThis article is for subscribers only.
Russia’s seaborne crude exports rose before OPEC+ ministerial discussions on production policy for the early part of 2025, amid indications that the alliance may have to delay for a third time plans to begin restoring barrels to the market.
Four-week average volumes increased by about 50,000 barrels a day in the period to Dec. 1, driven higher for the first time in three weeks by a surge in weekly shipments.