Almost none of the exports are headed to Europe Exports of Russia's seaborne crude oil soared to 3.8 million barrels last week, hitting their highest level since April, Bloomberg reported on Monday. In the week to January 13, aggregate volumes of Russian seaborne crude reportedly surged 30%. In physical terms, the growth amounted to 876,000 barrels per day. Baltic shipments expanded by 626,000 barrels per day compared to the previous week, while cargoes shipped from the Black Sea and the country’s Pacific ports were up as well. At the same time, growth of daily volume through ports on the Black Sea amounted to 47%
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