Russia’s Crude Exports Edge Higher Even as Urals Flows Dwindle
Shipments of key Baltic and Black Sea grades gave up previous week’s surge
Russia shipped 3.3 million barrels a day of crude in the four weeks to July 20.
Photographer: Marcelo del Pozo/BloombergRussia’s four-week average crude exports edged higher for a second week even as flows of the country’s flagship Urals grade fell back.
Seaborne crude cargoes averaged 3.3 million barrels a day in the four weeks to July 20, up by 2% from the revised figure for the prior week, tanker-tracking data compiled by Bloomberg showed. They were again the highest since the period ending June 15.