Russia Keeps Crude Exports Flowing Ahead of Trump-Putin Summit
Threat of additional tariffs on India hasn’t impacted crude shipments from Russian ports
Russia shipped 3.11 million barrels a day of crude in the four weeks to August 10, the smallest amount in a month.
Photographer: Marcelo del Pozo/BloombergRussia’s oil shipments nudged down for a third week, but remain comfortably within the range seen so far this year. Threats of additional tariffs are having little immediate impact on flows ahead of a Friday meeting between US President Donald Trump and his Russian counterpart Vladimir Putin.
Four-week average crude shipments fell for a third week in the latest data, while seven-day flows rebounded. Seaborne cargoes averaged 3.11 million barrels a day in the four weeks to Aug. 10, down by about 3% from a revised 3.21 million barrels a day for the period to Aug. 3, tanker-tracking data compiled by Bloomberg show.