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Russian Weekly Seaborne Crude Flows Rose to 3.24mbpd


Russian seaborne weekly crude oil shipments rose by 370kbpd on the week to 3.24mbpd as of 26 November, while four-week average shipments declined by around 100kbpd on the week to 3.16mbpd, Bloomberg ship tracking data showed.

  • Russian four-week seaborne crude flows to Asian customers – including ships not showing a final destination – fell to 2.63mbpd as of 26 November, down from a revised 2.74mbpd in the four weeks to 19 November.
  • Loadings to China during the four weeks to 26 November stood at around 1.23mbpd, while 870kbpd signalled India as a destination.
  • Russia pledged to cut crude and products exports by 300kbpd below the May-June average until the end of the year. Seaborne flows should be around 3.28mbpd – if exports would entirely be cut on crude.
  • Ongoing disruptions at Russia’s Black Sea ports this week due to a storm in the region is likely to weigh on this week’s seaborne crude shipments.

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