Russia’s Crude Shipments Drop by the Most Since Ukraine Invasion
Slump in weekly flows drags four-week average to the lowest since February
Russia shipped 3.27 million barrels of crude a day in the four weeks to July 7.
Photographer: Marcelo del Pozo/BloombergRussia’s weekly crude exports crashed by the most since before the 2022 invasion of Ukraine in the seven days to July 7, with the less volatile four-week average falling to the lowest since February.
There was no clear cause for the slump in shipments. There were no gaps in loading programs to suggest maintenance work and no reports of storms affecting the berthing or loading of vessels. But shipments were down week-on-week from the Baltic, the Black Sea and the Pacific.