Russian oil exports hit 11-month low as refinery downtime, output cuts bite

Russian seaborne oil exports fell to an 11-month low in August, according to tanker tracking data, as heavy refining maintenance hit oil product exports, and output cut pledges and Black Sea tensions continued to limit crude flows. Total Russian shipped crude and oil product exports averaged 5.27 million b/d, the lowest since September 2022, and 650,000 b/d below pre-war levels,…Russian seaborne oil exports fell to an 11-month low in August, according to tanker tracking data, as heavy refining maintenance hit oil product exports, and output cut pledges and Black Sea tensions continued to limit crude flows. Total Russian shipped crude and oil product exports averaged 5.27 million b/d, the lowest since September 2022, and 650,000 b/d below pre-war levels,…  Read More