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Seaborne Crude Flows from Russia to Asia Slipping

OIL

Russian seaborne crude volumes sent to key Asian buyers continued falling last week according to Bloomberg vessel tracking.

  • Based on current destinations, the average flow of Russian crude to Asia fell below 1.75 million barrels a day for the week ended August 12, down from high’s of more than 2.1 million barrels a day in April and May.
  • Even if all the crude on ships showing no final destination ends up in Asia, the flow would still be the smallest since March according to the tracking.

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Russian seaborne crude volumes sent to key Asian buyers continued falling last week according to Bloomberg vessel tracking.

  • Based on current destinations, the average flow of Russian crude to Asia fell below 1.75 million barrels a day for the week ended August 12, down from high’s of more than 2.1 million barrels a day in April and May.
  • Even if all the crude on ships showing no final destination ends up in Asia, the flow would still be the smallest since March according to the tracking.