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Russian Crude Exports Suffering Post EU Ban


On a four-week average basis, Russian seaborne crude exports to January 6 were down by more than 500,000 bpd from a plateau level of about 3 million in the second half of last year according to Bloomberg vessel tracking.

  • India, China and Turkey remain the key buyers.
  • The quantities on ships that are yet to show a final destination, fell for the fourth straight time in the four weeks to January 6 to average 2.31 mn bpd.

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