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Russian Seaborne Crude Flows to Europe Tick Higher in August m/m: Petro Logistics

OIL

Russia: More seaborne barrels landed in Europe in August with N.W.E. bouncing to 415 kb/d (+124 kb/d m/m) – vast majority to Rotterdam. Italy slightly reduced m/m but was still above 400 kb/d. Romania and Bulgaria received a combined 250 kb/d according to Petro Logistics.

  • Italy, Germany, Bulgaria and Romania all have refineries owned or partially owned by Russian companies.

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