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Russian Oil Exports Peak
Russian seaborne crude oil exports rose to 3.65 million barrels per day in the four weeks ending November 1, up 60,000 barrels per day from the previous period. Weekly shipments reached a five-week high of 3.97 million barrels per day. This coincided with the resumption of air strikes on processing facilities, prompting more unprocessed crude to be directed to export. Thirty-eight tankers carried about 27.8 million barrels in one week. On a four-week average basis, shipments were valued at $2.66 billion per week. Asia received the largest share, averaging 3.52 million barrels per day, with China and India leading the list of importers.
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