Russia’s Seaborne Oil Exports Hold Above 3 Million Bpd Despite Output Cut ...Middle East

Russia’s crude oil exports by sea have held above the 3 million barrels per day (bpd) mark in the past six weeks, after the EU ban on fuel imports from Russia took effect and after Moscow said it would lower its production by 500,000 bpd, tanker-tracking data compiled by Bloomberg shows. In the most recent week to March 24, Russia’s seaborne crude oil exports fell by 123,000 bpd but were still above 3 million bpd, at 3.11 million bpd, per the data cited by Bloomberg’s Julian Lee.   While weekly shipments can be very volatile,…

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