🇷🇺🛢 Russia increases seaborne oil exports and refinery output Russian crude exports rose despite increased processing at domestic refineries. According to tanker-tracking data compiled by Bloomberg, overseas shipments averaged 3.65 million barrels per day over the four weeks ending 1 November, an increase of 60,000 barrels per day compared with the four-week period ending 25 October. Ship-tracking data and industry reports show that 38 tankers loaded 27.8 million barrels of Russian crude during the week ending 1 November. The previous week, 37 vessels loaded 27.12 million barrels. Weekly shipments increased by 100,000 barrels per day, averaging 3.97 million barrels per day, their highest level in five weeks. Over the latest four-week period, the gross value of Russian oil shipments rose to a three-week high of $2.66 billion per week. Higher shipment volumes and a 16th consecutive increase in Pacific ESPO crude prices were offset by falling Urals prices. #info #resources
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