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Russian Crude, Products Loadings Down by 827kbpd MoM on 1-12 July

OIL

Russia loadings of crude and products were down by 827kbpd in the first 12 days of July versus the June average according to Petro-Logistics.

  • A decline in crude exports is consistent with the return of Russian refineries from seasonal maintenances, while the steep drop in product exports so far is not.

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