As Ukrainian strikes on Russia’s refineries and the halt of Ukrainian shipments of Russian oil to central EU member states limit outlets of Russian crude, Moscow is boosting shipments via ports. Russia’s seaborne crude oil exports averaged 3.39 million barrels per day (bpd) in the four weeks to February 15, per ship-tracking data compiled by Bloomberg. Oil exports have been rising for a fourth consecutive week, as week-by-week comparisons are not particularly relevant due to weather conditions in the winter and other factors,…
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