Maintenance works at Russia ’s busiest oil ports dragged down weekly crude oil shipments to the lowest level in over three months as the ports of Primorsk on the Baltic Sea and Kozmino in the Far East halted vessel departures for four days each in the week to June 23. Last week, Russia n crude oil exports by sea fell by 660,000 barrels per day bpd from the previous week, to the lowest level in more than three months – 3.04 million bpd, vessel-tracking data monitored by Bloomberg showed on Tuesday.
In the four weeks to June 16, Russian crude oil shipments jumped by some 80,000 bpd to 3.42 million bpd. The week to June 16 was the second consecutive week in which the four-week average of Russia’s crude export volumes increased compared to the prior four-week average. Russia’s crude exports hit the highest level in 11 months in the week to April 14, as export terminals likely shipped more crude that couldn’t be processed at refineries knocked offline by Ukrainian drone attacks.
Ports Crude Oil Shipments Maintenance Exports
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