Russia’s Crude Shipments Rebound With a Rare Delivery to Japan
Sanctioned tanker carries Sakhalin crude to Taiyo Oil’s Shikoku refinery
Russia shipped 3.36 million barrels a day of crude in the four weeks to June 8 after a strong rebound in flows in the latest week.
Russia’s crude shipments rose in the four weeks to June 8 after a strong rebound in weekly flows. A Japanese refiner took the first cargo delivered to the G-7 nation in more than two years, underlining a growing ease among buyers in resuming dealings with Moscow.
Flows averaged 3.36 million barrels a day in the period, tanker-tracking data compiled by Bloomberg show. That was a gain of 40,000 barrels a day from the 28 days to June 1, when flows fell to a five-week low. Shipments surged sharply on a week-to-week basis, driven by sizable gains from Baltic and Arctic ports.