Russian oil shipments spike to three-month high

Crude flows remained above 3.25 million barrels a day for four weeks straight, tanker-tracking data shows Russian seaborne oil exports soared to a three-month high last week despite Western sanctions and Moscow’s decision to extend supply curbs to the end of the year, Bloomberg reported on Tuesday, citing tanker-tracking data. According to the report, Russia’s average nationwide shipments in the four weeks to September 17 jumped to 3.34 million barrels per day (bpd), roughly 465,000 barrels more than in the four weeks to August 20. Shipments were reportedly back at the levels last recorded in February of this year

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Last updated : 20 September 2023 clock 05:24 PM

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