kidsnord/Shutterstock Russia’s crude oil exports declined by nearly 9% in February due mainly to port stoppages in Novorossiysk and lower flows to Europe.China and India absorbed 85% of Russia’s seaborne crude shipments for the month, on level with January.Shipping data for March indicate that exports are steady despite Moscow’s stated intention of reducing them by 500,000 b/d. Save for later Print Download Share LinkedIn Twitter In total, Russia exported 7.14 million barrels per day of crude and products in February, down approximately 600,000 b/d compared with January. A large part of this decline is believed to stem from icy and stormy conditions at key ports, which are now seeing a rebound this month.
