Russia’s Oil Exports Plummet By 900,000 Bpd ...Middle East

OILPRICE - Economy
Russia’s Oil Exports Plummet By 900,000 Bpd
source : OILPRICE ( Middle East ) () 24
Seaborne crude oil exports out of Russia have dropped by 900,000 barrels per day (bpd) in the past two weeks compared to the last week of August, according to estimates by Bloomberg. A storm in the Pacific and an unexplained drop in cargo shipments from the Baltic Sea were the two key reasons for the plunge in Russian crude oil exports by sea in the first half of September.   According to Bloomberg’s estimates, Russian crude exports by sea averaged 2.54 million bpd in the week to September 16. This was down by nearly 900,000 bpd…

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