Russian Crude Flows Hit Five-Month High While Peace Talks Drag
Syria emerges as a new destination for Moscow’s crude
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Russia’s oil exports rose to a five-month high while US-initiated talks aimed at achieving a ceasefire in the Ukraine conflict drag on.
Crude flows from all Russian ports in the four weeks to March 23 edged up to 3.45 million barrels a day, the highest since the period to Oct. 20. The increase came despite a slump in weekly flows, driven by fewer shipments from the Baltic and Black Sea.