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Russian Crude Exports Rise to Bring Prolonged Slide to a Halt
Russia’s four-week average crude exports ticked up in the period to June 9, ending a run of declines. Exports had fallen in each of the previous four weeks on that measure, producing a cumulative cut of 390,000 barrels a day, or 11%. That was the biggest such reversal since November. The gain of 70,000 barrels a day in the latest number was driven by a jump in weekly shipments to a five-week high. Overseas crude flows have been tracking below year-earlier levels since late April, with the gap widening to as much as half a million barrels a day before the latest uptick. This may be due to Russia more diligently ... (full story)
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- Posted: Jun 11, 2024 8:53pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 164
