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Russia's Seaborne Oil Exports Edge Lower Ahead of OPEC+ Meeting - Bloomberg

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Russia’s Seaborne Oil Exports Edge Lower Ahead of OPEC+ Meeting - Bloomberg

Russia’s Seaborne Crude Flows Edge Lower Before OPEC+ Meeting

Weekly shipments are back in line with Moscow’s pledged export cut
About 3.2 million barrels a day of crude was shipped from Russian ports in the week to Nov. 12 Photographer: Marcelo del Pozo/Bloomberg

Russia’s seaborne crude shipments eased slightly ahead of a meeting of OPEC+ oil minsters later this month, bringing flows back below the level pledged by Moscow. The move comes after exports surged in October.

About 3.2 million barrels a day of crude was shipped from Russian ports in the week to Nov. 12, tanker-tracking data monitored by Bloomberg show. That was down by 40,000 barrels a day from the period to Nov. 5, but still 700,000 barrels a day above the levels seen in August.

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Russia’s Seaborne Crude Flows Edge Lower Before OPEC+ Meeting

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