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Russian Crude Exports Near Four-Month High Pace: Platts

OIL

Russian crude exports are on track to hit a four-month high pace, according to Platts vessel tracking.

  • The boost follows a flurry of Russian loadings during the week ending October 27 - exports surged 27% on week to 3.85 million bpd, the strongest weekly rate since the week ending June 30.
  • The pace at which Russian crude barrels are now leaving draws into question Russian commitment to a 300,000 bpd export cut until the end of the year.