Russian exports of crude oil and refined products declined substantially in September, according to Petro-Logistics data cited by UBS commodity analyst Giovanni Staunovo. According to Petro-Logistics, total Russian crude oil exports averaged 3.15 million barrels daily this month, which was down by 280,000 bpd from August. Crude exports to Europe slumped by 314,000 bpd from August to about 900,000 bpd. The data shows that crude oil exports to Asia - now Russia’s biggest market - in September were down by more than 250,000 bpd to an average…
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