Russia's Faltering Oil Flows Crimp Gains From Rally in Prices
Crude shipments fell to the lowest since April in the four weeks to June 15
Russian shipped 3.31 million barrels a day of crude in the four weeks to June 15, the lowest since April.
Photographer: Sjolin, Sara/BloombergRussia failed to reap the full rewards of the recent rally in oil prices, or the increase in its own OPEC+ output target, as exports slid to a seven-week low.
Seaborne crude shipments averaged 3.31 million barrels a day in the four weeks to June 15, a drop of 1% from the period to June 8. The more volatile weekly figure fell by about 440,000 barrels a day from the previous week’s three-month high.