Russia’s Oil Flows and Prices Deepen Slide in Hit to War Funding
The value of oil shipments from Russian ports fell to the lowest since April 2023
Russia shipped 3.36 million barrels a day of crude in the four weeks to Nov. 16, the smallest amount since August.
Photographer: Marcelo del Pozo/BloombergRussia’s seaborne crude shipments retreated for a fourth week, compounding a slump in the country’s oil prices and shrinking revenues for the Kremlin to a two-and-a-half-year low of around $1.2 billion a week.
The country shipped 3.36 million barrels a day in the four weeks to Nov. 16, according to vessel-tracking data compiled by Bloomberg, down by about 90,000 from the equivalent period to Nov. 9 and the lowest since the end of August.