Russia's Fuel Sales Driven Higher By Surging Diesel Exports
Russian oil-product flows have surged so far this month.
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Russian oil-product flows have surged so far this month.
(Bloomberg) -- Russia cut back its seaborne crude exports to the lowest since August before a meeting of OPEC+ oil minsters this weekend when compliance with production cuts will be in sharp focus. The move came after shipments surged in October.Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends Weekend
(Bloomberg) -- Russia’s seaborne crude shipments eased slightly ahead of a meeting of OPEC+ oil minsters later this month, bringing flows back below the level pledged by Moscow. The move comes after exports surged in October.Most Read from BloombergBiden, Xi to Announce China’s Crackdown on Fentanyl TradeThailand Takes $28 Billion Malacca Strait Bypass Plan to USWall Street Divided Over Just How Aggressive Fed Cutting Will BeUBS Strategists See Far Deeper Fed Rate Cuts Than What Markets Are Pric
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The nation’s seaborne crude exports rebounded in the seven days to Oct. 15, boosting four-week average flows to their highest in more than three months.