Russia’s Oil Exports Edge Higher With Return of Sanctioned Ships
Sanctioned tankers return to work after lying idle for months
Russia shipped 3.26 million barrels a day in the 28 days to April 27.
Photographer: Carolina Cabral/BloombergThis article is for subscribers only.
Russia’s oil exports edged higher for a second week, with almost half of the tankers sanctioned in previous years now back hauling Russian barrels.
Crude flows from all Russian ports in the four weeks to April 27 rose to 3.26 million barrels a day, up by 1% from the previous week. Flows remain about 190,000 barrels a day, or 6%, below the recent peak seen a month ago.