Russian oil shipments surge despite production cut – Bloomberg ...News

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Russian oil shipments surge despite production cut – Bloomberg
Moscow has pledged to reduce output by 500,000 barrels per day in response to Western sanctions The average four-week seaborne shipments of Russian crude in the period to May 5 jumped by 180,000 barrels per day (bpd) to 3.63 million bpd, the highest leap since the start of 2022, when Bloomberg began tracking the flows in detail. According to the outlet’s report on Tuesday, shipments continued to rise despite Western sanctions and Moscow’s output cut. Data showed that four-week average shipments to Russia’s Asian customers, including those on vessels showing no final destination, rose to a new high of 3.37 million

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